G.S. Wilcox & Co., working on behalf of the Lakhani Family Office and Saxum Real Estate, completed $19,150,000 million in refinancing for two warehouse properties in Hazle Township, Pennsylvania. The financing was secured by Wesley Wilcox, partner, and Albert Raymond, principal, for a 7-year term, all interest only.
The properties, comprising 220,500 total square feet, are located in a federally designated Opportunity Zone within Humboldt Park, a well-established industrial park. Situated along the Interstate 81 corridor just south of Interstate 80, major tenants include Amazon, FedEx, AutoZone, Romark Logistics, Hershey, Cargill and American Eagle.
“We were proud to secure such favorable terms for our client in this challenging environment. It was a pleasure working with both the borrower and lender teams to get this deal across the finish line,” Wilcox said a prepared statement.
