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Gantry secures $110M permanent loan for Bixby's six-property portfolio

Five single-tenant industrial buildings in Southern California and Texas are part of the collateral, along with Bixby's Newport Beach headquarters.

At a glance

  1. All six assets are 100% leased, according to the report.
  2. Northmarq research cited in this publication put second-quarter single-tenant investment sales at roughly $13.5 billion, up 19.1% year over year, with industrial at nearly two-thirds of that.
  3. The Gantry deal team included senior director Stephan Coste, principal Andy Bratt and associate Nick Severson, according to Connect CRE.

Gantry has secured a $110 million permanent loan to refinance a six-property portfolio for Bixby Capital Management, Connect CRE reported Oct. 7. Five are single-tenant industrial buildings in Southern California and Texas submarkets; the sixth is Bixby's headquarters office in Newport Beach, California.

All six assets are 100% leased, according to the report.

Northmarq research cited in this publication put second-quarter single-tenant investment sales at roughly $13.5 billion, up 19.1% year over year, with industrial at nearly two-thirds of that.

The Gantry deal team included senior director Stephan Coste, principal Andy Bratt and associate Nick Severson, according to Connect CRE.

Reported by the Real estate debt desk from Connect CRE. Published . Corrections

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