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Canada’s Agellan turns to US CMBS market for industrial portfolio refinance

Wells Fargo to originate US$350 million in debt
Agellan Commercial is refinancing a portfolio that includes the 914,030-square-foot Florida Tri-Temp Logistics, a cold storage property in Sarasota, Florida. (CoStar)
Agellan Commercial is refinancing a portfolio that includes the 914,030-square-foot Florida Tri-Temp Logistics, a cold storage property in Sarasota, Florida. (CoStar)

Toronto-based real estate investment trust Agellan Commercial has turned to the U.S. commercial mortgage-backed securities market once again to refinance a substantial portion of its U.S. industrial property holdings.

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