Sukut Real Properties has secured a nine-figure refinancing loan for industrial properties across Southern California. The Santa Ana-based investment affiliate of Sukut Construction got a five-year, $130 million loan for 21 properties in Los Angeles, Orange and San Diego counties, as well as parts of the Inland Empire region, Commercial Observer reported. New York Life provided the fixed-rate loan. The portfolio spans 1.1 million square feet and is currently 98 percent leased to unnamed automotive, biotech and logistics tenants, according to CO. The square footage and addresses of the properties weren’t immediately clear. The properties were developed between 1968 and […]
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