Newmark announces that it has arranged a $525-million loan on behalf of SomeraRoad for the refinancing of a 50-asset, 6.8-million-square-foot, 100-percent net-leased industrial portfolio, located in markets throughout the U.S. The Newmark team, leveraging local licensees, was led by Jordan Roeschlaub and Dustin Stolly, along with Chris Kramer, Nick Scribani and Jake Neeb. The loan was provided by Bank of Montreal.

“It is remarkable what the SomeraRoad team has been able to accomplish, aggregating and scaling a strong portfolio and building an impressive net-lease platform in the process,” Roeschlaub commented. “The team has compiled a marquee portfolio of industrial properties, acquiring and positioning these assets for success with ingenuity and best-in-class management.”

Stolly added, “SomeraRoad has been highly active in acquiring and expanding its industrial net-lease portfolio. The diversity and mission-criticality of the properties, coupled with the continued favorability of the industrial debt market, showed through in this execution.”