Jack Phillips Arranges $24,000,000 Non-Recourse Industrial Financing in Buffalo, New York

June 29, 2026 – Buffalo, New York – Jack Phillips of Largo Real Estate Advisors Inc. arranged a $24,000,000 non-recourse permanent first mortgage for a 300,000-square-foot industrial property located in Buffalo, New York. The asset is fully occupied by a single tenant with more than 80 years of operating history in the Buffalo Niagara MSA.

The property is strategically situated within an established industrial park just south of Buffalo’s CBD, offering direct access to major transportation routes including Highway 5, U.S. Route 62, Interstate 90, and Interstate 190. The sponsor’s longstanding market presence and operational control of the property provided strong support for the financing.

The loan was structured through a CMBS lender. This transaction further demonstrates Largo Capital’s ability to execute large-scale industrial financing through its national lending platform, backed by extensive experience in the Buffalo and Western New York industrial markets.