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Deal of the Week: Avondale Logistics Center in Avondale, Arizona

Image: Felix Gutnikov from Thorofare Capital
Thorofare Capital provided the floating-rate senior loan to refinance Avondale Logistics Center, a 2024-vintage 86,372-s.f. Class A warehouse/distribution building in Avondale, which is part of the South Goodyear submarket. The bridge loan was used to refinance the existing construction lender, as well as provide the sponsor with funds to complete construction and subsequently lease-up the asset.

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Sara Havlena

Havlena is the editor-in-chief of Crittenden Real Estate magazine and The Crittenden Report: Real Estate Financing, Retail Tenants Report and the Multifamily Report and their respective websites. She has been an editor with Crittenden since 2007 and worked on a variety of real estate publications during her time at the company covering a wide range of topics from restaurant expansion to real estate developers. She has been the lead reporter and editor of Crittenden’s flagship publication, The Crittenden Report, since 2011. She has a degree in Print Journalism from Cal State Fullerton, and resides in Orange County, Calif.

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