Canyon Partners Real Estate Provides $67M Senior Loan to Refinance Class-A Industrial Property in New Jersey
Canyon Partners Real Estate provided a $67 million senior loan to Kurv Industrial for the refinancing of Kurv Elizabeth, a Class-A industrial property in Elizabeth, NJ, with the transaction facilitated by CBRE Group. The property comprises four buildings totaling more than 278,000 square feet near the Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport, an infill submarket with limited new supply and strong logistics demand. This is Canyon's second transaction with Kurv, following a March 2026 refinancing of Kurv Philadelphia; CBRE's Bill Jurjovec credited Canyon's responsiveness for completing the financing quickly and efficiently.
Key figures
- Canyon aum
- $30 billion
- Loan amount
- 67000000
- Building count
- 4
- Prior kurv deal
- March 2026 refinancing and lease-up of Kurv Philadelphia
- Loan amount verbatim
- $67 million
- Property square feet
- 278000
- Canyon northeast projects capitalized
- $5.6 billion
AI analysis
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