{"id":1004768327,"date":"2025-08-13T02:32:51","date_gmt":"2025-08-13T10:32:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004768327"},"modified":"2025-08-14T04:40:21","modified_gmt":"2025-08-14T12:40:21","slug":"lxp-industrial-jv-lands-376m-for-national-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/","title":{"rendered":"LXP Industrial JV Lands $376M for National Portfolio"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004768368\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/attachment\/836562\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bayport South Business Park\" data-image-description=\"&lt;p&gt;Photo downloaded from Yardi Matrix&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Bayport South Business Park is a 257,835-square-foot industrial property part of LXP Industrial Trust&#8217;s Houston portfolio. Image courtesy of Yardi Research Data&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\" alt=\"Exterior shot of Bayport South Business Park, a 257,835-square-foot industrial facility in Psadena, Texas.\" class=\"wp-image-1004768368\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Among LXP Industrial Trust&#8217;s entire Houston portfolio is the 257,835-square-foot Bayport South Business Park.<em> Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The joint venture between LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0has obtained a $376 million loan, according to a<em> <\/em><a href=\"https:\/\/www.fitchratings.com\/research\/structured-finance\/fitch-to-rate-dk-trust-2025-lxp-presale-issued-11-08-2025\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Fitch Ratings report<\/a>. The CMBS mortgage is backed by a 20-property, 6.3 million-square-foot industrial collection spread across 11 states. The deal is expected to close on August 27.<\/p>\n\n\n\n<p>Chase Bank and Morgan Stanley Bank co-originated the loan. KeyBank serves as special servicer and Deutsche Bank National Trust Co. as trustee.<\/p>\n\n\n\n<p>The two-year, floating-rate interest-only mortgage agreement three one-year extensions options. Proceeds will go toward repaying an existing debt of $345.5 million, with $15.9 million remaining in equity and $9.8 million assigned for closing costs.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-commercial-mortgage-lenders-and-brokerage-firms\/\">Largest Commercial Real Estate Lenders<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The 20-building collection consists of 11 manufacturing and distribution facilities, four warehouses, three manufacturing, distribution and warehouse properties and two cold storage buildings.<\/p>\n\n\n\n<p>The largest part of the portfolio is spread across Kentucky, with five industrial buildings totaling 1.7 million square feet. Another two properties totaling 442,275 square feet are located in Alabama, while the Texas footprint includes two properties encompassing 449,895 square feet. Meanwhile, the metro areas with the most allocated loan amount in the portfolio include Houston,&nbsp;Chicago and Columbus, Ga.<\/p>\n\n\n\n<p>As of June, LXP Industrial Trust&#8217;s portfolio consisted of 56.4 million square feet spread across 116 properties. LXP partnered with Davidson Kempner Capital Management\u00a0in 2022, when the company recapitalized a<a href=\"https:\/\/www.commercialsearch.com\/news\/lxp-launches-550m-joint-venture\/\"> $550 million industrial portfolio <\/a>consisting of 22 properties totaling 6.7 million square feet. At the time, the firm retained a 20 percent interest in the venture.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-industrial-refinancing-deals\">Recent industrial refinancing deals<\/h2>\n\n\n\n<p>LXP&#8217;s deal came on the heels of <a href=\"https:\/\/www.commercialsearch.com\/news\/tpg-to-secure-408m-cmbs-loan-for-industrial-portfolio\/\">TPG Real Estate&#8217;s $407.5 million refinancing<\/a> agreement. The loan is backed by a 50-property industrial portfolio and one land parcel totaling 3.7 million square feet. TPG&#8217;s industrial collection is spread across five states and six markets.<\/p>\n\n\n\n<p>Also this month, Blackstone landed a nearly <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-secures-1-4b-loan\/\">$1.4 billion loan<\/a> to refinance a 67-property portfolio totaling approximately 9.7 million square feet. The properties, acquired between 2020 and 2022 by a mix of Blackstone-owned entities, are currently managed by Link Logistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The loan refinances a 20-property collection spread across 11 states.<\/p>\n","protected":false},"author":2991,"featured_media":1004768368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,23891,21742],"tags":[41918,33437,37891,51520,32774],"class_list":["post-1004768327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-national","category-latest","tag-davidson-kempner-capital-management","tag-jpmorgan-chase-bank","tag-keybank-national-association","tag-lxp-industrial-trust","tag-morgan-stanley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LXP Industrial JV Lands $376M for National Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0secured a refinancing package totaling $376 million for a 20-asset collection.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LXP Industrial JV Lands $376M for National Portfolio\" \/>\n<meta property=\"og:description\" content=\"LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0secured a refinancing package totaling $376 million for a 20-asset collection.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-13T10:32:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-14T12:40:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/\",\"name\":\"LXP Industrial JV Lands $376M for National Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\",\"datePublished\":\"2025-08-13T10:32:51+00:00\",\"dateModified\":\"2025-08-14T12:40:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0secured a refinancing package totaling $376 million for a 20-asset collection.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg\",\"width\":640,\"height\":480,\"caption\":\"Bayport South Business Park is a 257,835-square-foot industrial property part of LXP Industrial Trust's Houston portfolio. Image courtesy of Yardi Research Data\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LXP Industrial JV Lands $376M for National Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LXP Industrial JV Lands $376M for National Portfolio - Commercial Property Executive","description":"LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0secured a refinancing package totaling $376 million for a 20-asset collection.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"LXP Industrial JV Lands $376M for National Portfolio","og_description":"LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0secured a refinancing package totaling $376 million for a 20-asset collection.","og_url":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-08-13T10:32:51+00:00","article_modified_time":"2025-08-14T12:40:21+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/","name":"LXP Industrial JV Lands $376M for National Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg","datePublished":"2025-08-13T10:32:51+00:00","dateModified":"2025-08-14T12:40:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"LXP Industrial Trust and\u00a0Davidson Kempner Capital Management\u00a0secured a refinancing package totaling $376 million for a 20-asset collection.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg","width":640,"height":480,"caption":"Bayport South Business Park is a 257,835-square-foot industrial property part of LXP Industrial Trust's Houston portfolio. Image courtesy of Yardi Research Data"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/lxp-industrial-jv-lands-376m-for-national-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"LXP Industrial JV Lands $376M for National Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/836562-e1755077345763.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004768327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004768327"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004768327\/revisions"}],"predecessor-version":[{"id":1004768415,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004768327\/revisions\/1004768415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004768368"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004768327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004768327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004768327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}