Development “Kansas City Industrial Development Receives $32M Funding from Gantry”

Gantry, a real estate financing firm, has successfully obtained a $32 million permanent loan to pay off the construction financing for Lenexa Logistics Centre North #5. This property is located at 10901-10941 Mill Creek Rd in Lenexa, Kansas and is situated in the suburban submarket of the Kansas City MSA.

The Class A warehouse space spans over 565,170 square feet and is fully leased out to multiple tenants. It was completed in 2022 and boasts immediate access to major highways such as I-35, I-435, and Highway 10.

Mark Reichter (Principal) and Alec Frook (Associate) from Gantry’s Kansas City production office represented the borrower – a private real estate investor – during this transaction. The loan term spans over ten years with an insurance lender through Gantry that offers fixed interest rates along with an introductory interest-only period before transitioning into a 30-year amortization schedule.

Reichter stated that industrial properties like Lenexa Logistics Center are highly sought after by Gantry’s extensive list of insurance company lenders.

Steve Griffin

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