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FedEx-heavy industrial portfolio backs $1.62 billion bond deal

Six banks line up to refinance Industrial Logistics Properties’ assets across 27 states
FedEx occupies the distribution center at 4350 Fortune Ave. NW in Concord, North Carolina, one of the properties being refinanced in a new securitized bond deal. (CoStar)
FedEx occupies the distribution center at 4350 Fortune Ave. NW in Concord, North Carolina, one of the properties being refinanced in a new securitized bond deal. (CoStar)
CoStar News
April 24, 2026 | 2:35 P.M.

A hefty portion of a $1.62 billion loan on a 90-property industrial portfolio where logistics giant FedEx commands nearly 60% of total rent is heading to market as a single-borrower commercial mortgage-backed securities deal.

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