Midtown Capital Partners has sealed $62.92 million of acquisition financing to fund its purchase of 13 urban-infill, small-bay industrial assets in Doral, Fla., Commercial Observer has learned.
Knighthead Funding provided the loan for Midtown’s $86 million off-market acquisition of the 290,000-square-foot portfolio spanning 13.33 acres, according to the lender. Midtown purchased the properties from Wes Realty in August at a near-record industrial sales price for Miami-Dade County, The Real Deal previously reported.
