CIT - CIT serves as the sole arranger for $27M for Florida warehouse and distribution center

CIT Group (CIT) announces that its Real Estate Finance business served as sole lead arranger on a $27M loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida.The property was acquired by an entity managed by PKY Special Situations LLC and will be managed by Parkway Property Investments."Demand remains high for warehouse and distribution space to serve the Southeast and Florida markets. We were pleased with CIT's expertise and agility in arranging the financing to complete the acquisition." said Al De Olazarra, President of PKY Special Situations LLC.

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CIT serves as the sole arranger for $27M for Florida warehouse and distribution center