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HUNTSVILLE, ALA. — Newmark has arranged a $53.5 million loan for the refinancing of an approximately 650,000-square-foot industrial property along I-565 and adjacent to Huntsville International Airport. The borrower is White Plains, N.Y.-based Reich Brothers.
Blue Origin, an astronautics company founded by Amazon founder Jeff Bezos, fully occupies the facility. The property serves as one of the BE-4 engine testing and manufacturing facilities for Blue Origin. Christopher Kramer, Chris Lozinak and Jordan Roeschlaub of Newmark arranged the financing through Loancore.