Largo Capital Arranges $75,000,000 Loan to Refinance Industrial/Manufacturing Facility in Syracuse, New York

June 17, 2026 – Syracuse, New York – Jack Phillips of Largo Real Estate Advisors Inc. arranged a $75,000,000 permanent first mortgage to refinance existing debt through a CMBS lender on a multi-tenanted industrial/manufacturing property in Syracuse, New York. The asset features 40 megawatts of redundant power from dual transmission feeds, well above industry standards.
The property is centrally located within the Syracuse MSA, near the confluence of Interstates 690, 90, 81, and 481, providing strong regional and national connectivity. Within the Syracuse MSA, industrial vacancy continues to decline as rental rates climb, reflecting sustained tenant demand and tightening supply across Central New York.
The financing positions the borrower to capitalize on continued momentum in one of the Northeast’s most active industrial corridors. Largo Capital remains committed to delivering tailored debt solutions across the industrial sector and supporting its long-standing client relationships in Upstate New York.