Albany-area industrial acquisition financed with $4.8M loan

BOSTON, Jan. 18, 2022 - JLL Capital Markets announced today that it has arranged $4.8 million in acquisition financing for a fully leased, 79,625-square-foot, single-tenant industrial warehouse leased to Vinylmax, LLC at 107 Pierce Rd. in the Albany-area community of Clifton Park, New York.

JLL worked on behalf of the borrower, Vermont-based Redstone, to place the 10-year, fixed-rate loan with Bank of New Hampshire.

Vinylmax, a window production and distribution company headquartered in Hamilton, Ohio, has called 107 Pierce Rd. home since 2019. Expanded in 2008, the building has served as a window production facility and warehouse since construction in 1970 and features clear heights ranging from 18 to 28 feet, three docks, four overhead doors and ample vehicle parking for 78 vehicles.

Situated on 6.16 acres, the 107 Pierce Rd. facility is along Interstate 87 and has easy access to Interstate 90, positioning the property in a strategic logistical location with connectivity to large population centers, including Albany, Boston, Montreal, New York City and Syracuse. Additionally, both Albany International Airport and Saratoga County Airport are within 15 miles of the property.

The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Director Marth Nay and Director Amy Lousararian.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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