H.I.G. Capital, a global alternative investment firm with $55 billion of equity capital under management, and its affiliate, H.I.G. Realty Credit Partners, originated a loan to acquire Terminal Logistics, a newly developed 185,000 SF industrial condominium located adjacent to JFK International Airport in New York City.
The loan was made to a joint venture between the Riverside Drive Opportunity Fund (sponsored by Goldman Sachs Asset Management) and Triangle Equities.
“We are excited about the opportunity to finance this brand new, high-quality asset in a submarket with strong fundamentals,” Michael Mestel, managing director at H.I.G. Realty Credit Partners, said. “We continue to be focused on lending into high quality industrial/logistics assets across the country, which attracted us to this project.”
