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December 08, 2017  

BBVA Finances Industrial Portfolio

BBVA Compass has originated a $175 million floating-rate loan on a large package of industrial properties.The five-year loan to IDI Gazeley closed about a week ago. BBVA is talking with other lenders about syndicating part of the debt.The collateral encompasses 4.2 million square feet at eight properties that are about 90% leased overall. The composition of the entire pool couldn’t be learned, but it includes:The 454,000-sf Antioch...

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