Sagard Secures $258M Refi for National Industrial Portfolio

May 6, 2025

The collection encompasses 1.7 million square feet across eight states.

Sagard Real Estate has secured a financing package totaling $257.7 million from Wells Fargo, according to CommercialEdge data. Proceeds went toward the refinancing of 16 industrial properties spanning 1.7 million square feet across eight states. The note is due to mature in 2027.

Around 80 percent of the properties are shallow bay warehouses, measuring between 50,000 and 200,000 square feet. More than half of the buildings are Class A, making up 951,407 square feet. The other half is a mix between Class B and C, with the former type encompassing 564,374 square feet.

Sagard is performing a broader repositioning effort across its national footprint, targeting industrial and multifamily properties, according to a company statement from late last year. Its main focus is on seaport facilities and industrial outdoor storage properties.

Sagard’s largest share of the total amount—$40.9 million—went toward a 2019-built industrial facility in Pembroke Pines, Fla. A glass-production company fully occupies the 249,000-square-foot property at 20351 Sheridan St., roughly 27 miles southwest of downtown Fort Lauderdale, Fla., and 12 miles from the junction between U.S. Route 27 and Interstate 75.

Sagard earmarked $23 million for another newly constructed property in Centennial, Colo., CommercialEdge data shows. Located roughly 18 miles southeast of downtown Denver, the two-building industrial park spans 188,300 and debuted between 2020 and 2021.

Other recent significant industrial refinancing deals

Large industrial refinancing deals began pouring in, and Sagard’s is just the latest. Last month, Seagis Property Group secured a $184.2 million note to refinance two fully leased portfolios encompassing 1.5 million square feet in Florida and New Jersey.

Arden Logistics Park received a $99.1 million loan to refinance 11 industrial properties, also last month. The collection spans more than 756,000 square feet across three states. Ares Management Real Estate issued the funds.