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January 16, 2025

Cushman & Wakefield finds $40M for SoDo industrial

Down in SoDo, Avenue 55 completed its speculative Track6 industrial building in 2023. That four-story, 210,774-square-foot project is now about 28% occupied. The project recently benefited from a $40 million refinancing package secured by Cushman & Wakefield's Dave Karson, Chris Moyer, Paul Roeter and Jason Blankfein. The money came from Thorofare Capital. Karson said in a statement, “The lending market for differentiated industrial assets such as Track6 is robust, and we could not have been more pleased to work with Thorofare Capital on this transaction.” Avenue 55's Joe Blattner added, “Track6 presents a distinct value proposition, as there is effectively no competitive product in the market. This special facility is nearly a turnkey offering for tenants.” Sierra built the project, which was designed by Nelson and Craft Architects. Newmark represents the space.




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