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Industrial Development in New York’s Long Island City Lands $435 Million Refinancing Loan

Innovo Plans Multistory Warehouse With Quick Access to Major Airports
An industrial development in New York’s Long Island City, depicted in a rendering, has closed a $435 million loan from Starwood Property Trust and JPMorgan Chase. (Innovo Property Group)
An industrial development in New York’s Long Island City, depicted in a rendering, has closed a $435 million loan from Starwood Property Trust and JPMorgan Chase. (Innovo Property Group)
CoStar News
August 3, 2022 | 7:23 P.M.

An industrial development to be located within a 10-minute commute to midtown Manhattan has landed a $435 million refinancing loan from Barry Sternlicht’s Starwood Property Trust as well as JPMorgan Chase.

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