{"id":1004811398,"date":"2026-09-09T00:19:05","date_gmt":"2026-09-09T08:19:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004811398"},"modified":"2026-09-09T00:19:07","modified_gmt":"2026-09-09T08:19:07","slug":"exclusive-pittsburgh-warehouse-scores-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-pittsburgh-warehouse-scores-refi\/","title":{"rendered":"Exclusive: Pittsburgh Warehouse Scores Refi"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa12983396c1&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004811402\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-pittsburgh-warehouse-scores-refi\/2250-roswell-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/2250-Roswell-Drive.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=\"2250 Roswell Drive\" data-image-description=\"&lt;p&gt;Image from YM&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 560,000-square-foot facility underwent renovations in 2011 and 2015. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/2250-Roswell-Drive.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/2250-Roswell-Drive.jpg\" alt=\"Exterior shot of 2250 Roswell Drive, an industrial facility in Pittsburgh.\" class=\"wp-image-1004811402\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/2250-Roswell-Drive.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/2250-Roswell-Drive.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 560,000-square-foot facility underwent renovations in 2011 and 2015.<em> Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Aminim Group has obtained a $35.1 million loan for 2250 Roswell Drive, a 560,000-square-foot industrial facility in Pittsburgh, according to Yardi Matrix information. Voya Financial provided the permanent note.<\/p>\n\n\n\n<p>Previous financing includes a $37.2 million acquisition loan originated by First-Citizens Bank &amp; Trust Co. in March 2022.<\/p>\n\n\n\n<p>The company purchased the asset for $20.3 million from Maguire Hayden Real Estate, a Pittsburgh-based firm. That sale price represented a roughly one-third discount from the building&#8217;s 2015 trade.<\/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\/industrial-report-data-center-backlash-tests-development-boom\/\">Industrial Report: Data Center Backlash Tests Development Boom<\/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>Completed in 1967, the facility underwent cosmetic renovations in 2011 and 2015. The distribution center is within the city\u2019s Parkway West submarket, about 5 miles from downtown Pittsburgh and close to Highway 60. Pittsburgh International Airport is some 15 miles northwest.<\/p>\n\n\n\n<p>The warehouse has 43 dock-high loading doors and seven drive-in doors, as well as a mezzanine level with office space. The property has dock levelers and bumpers, 130- to 200-foot truck courts, 348 car parking spaces and 53 trailer stalls.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lenders-stay-active-but-selective\">Lenders stay active, but selective<\/h2>\n\n\n\n<p>Industrial loan originations rose 6 percent year-over-year in the second quarter, a <a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2026\/08\/06\/commercial-multifamily-borrowing-increased-16-percent-in-the-second-quarter-of-2026\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mortgage Bankers Association report<\/a> shows. The quarterly gain was stronger, with volume up 38 percent from the first quarter, indicating that lenders remained active in the sector, though annual growth stayed more restrained than in most other property types.<\/p>\n\n\n\n<p>Pittsburgh\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">industrial market trends<\/a> are sending mixed signals to lenders. Vacancy reached a record 6.5 percent after several quarters of negative absorption, which could weigh on appetite for speculative or highly leveraged deals, according to a Cushman &amp; Wakefield second quarter report. At the same time, asking rents held at $7.78 per square foot, while demand for newer warehouse and manufacturing space remained active.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voya Financial provided the funding.<\/p>\n","protected":false},"author":3355,"featured_media":1004811402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,11,21742,1602],"tags":[33278,41033],"class_list":["post-1004811398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-midatlantic","category-latest","category-pittsburgh","tag-first-citizens-bank","tag-voya-financial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Exclusive: Pittsburgh Warehouse Scores Refi - 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