Natixis provides $150.4 million loan for AGC Equity Partners’ acquisition of southeast industrial portfolio
Natixis announced today it has provided a $150.4 million floating-rate financing to AGC Equity Partners for the acquisition of a portfolio of five industrial properties located throughout the southeast United States totaling approximately 2.9 million square feet.
Each property in the portfolio is build-to-suit and leased to a single tenant. Properties were recently constructed between 2018 to 2020, located in Nashville, Charlotte, Raleigh, Savannah and Huntsville. Major tenants include Corning Inc. and Dorman Products.
The deal was arranged by Eastdil Secured’s Clint Frease, Nick Seidenberg and Axel Azcué.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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