Gantry has arranged a $16.5 million permanent loan to finance the acquisition of Meadowlark Industrial Center in Cornelius, Oregon. The property is located at 404 N. Holladay Street in what is described as a key industrial submarket within Portland’s fast-growing Silicon Forest technology corridor, underscoring the asset’s role in a regional logistics and industrial node.
Completed in 2024, Meadowlark Industrial Center is a modern industrial facility that is fully leased to a single tenant. The asset occupies approximately 7.35 acres and functions as a key regional location for a leading Pacific Northwest heavy equipment transporter. In addition to serving as a traditional warehouse, the property is configured for specialized uses and offers abundant parking and storage capacity in support of the tenant’s operations.
The fixed-term financing was secured on behalf of a private real estate investor that is acquiring the property. Gantry’s production teams in Seattle and Portland collaborated on the assignment, with Principal Paddy Ryan, Senior Associate Kristin Lapinskas, and Associate Hrishi Bukshin representing the borrower. The loan carries a 12-year term and is structured with 30-year amortization, providing long-term, permanent debt on the asset.
The lender is one of Gantry’s correspondent life company relationships, reflecting continued life insurance company engagement in the industrial lending space. Gantry will service the loan on behalf of the lender as part of its correspondent platform. According to Ryan, industrial properties remain among the preferred asset classes for lender allocations in the current market environment, and the full occupancy and specialized logistics role of Meadowlark Industrial Center align with that risk profile.
The transaction highlights ongoing capital availability for stabilized, single-tenant industrial assets in established distribution corridors. With the property fully leased to a transportation-focused tenant and positioned within the Silicon Forest industrial submarket, the financing supports both the borrower’s acquisition strategy and the lender’s appetite for long-duration income streams backed by mission-critical facilities.
In addition to reporting the financing, the announcement points to continued interest in West Coast industrial real estate, with industry participants set to discuss capital flows, debt trends, occupier demand, and development strategies at upcoming regional events focused on the industrial sector.
