Natixis provides $51.5 million Financing for the Class-A, FedEx Logistics headquarters office building in Memphis
Natixis has provided $51.5 million in floating-rate financing to SomeraRoad Inc. for refinancing a 193,836 square foot Class-A office building at 145 Lt.
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Rhea-AI Summary
Natixis has provided $51.5 million in floating-rate financing to SomeraRoad Inc. for refinancing a 193,836 square foot Class-A office building at 145 Lt. George W Lee Avenue, Memphis. This office serves as the new global headquarters for FedEx Logistics, a division of FedEx Corporation (NYSE: FDX). SomeraRoad has made over $1.5 billion in acquisitions and currently holds $600 million of equity across 18 million square feet of commercial real estate.
Positive
- Natixis provided financing of $51.5 million to support FedEx Logistics' new headquarters, potentially enhancing its operational capabilities.
- Refinancing aids SomeraRoad's strategic growth as a commercial real estate developer with significant assets.
Negative
- None.
Details
News Market Reaction – FDX
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NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Natixis announced today that it has provided floating-rate financing of
SomeraRoad Inc. is a commercial real estate investment and development firm with over
About Natixis
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d'Epargne, Natixis counts over 16,000 employees across 36 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE's networks. Natixis has a solid financial base with a CET1 capital under Basel 3(1) of
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in.
Figures as at 30 June 2021
Press contacts:
Meredith Zaritheny
Prosek Partners
+1 646.503.6278
mzaritheny@prosek.com
https://www.natixis.com
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https://www.youtube.com/user/Natixisvideos
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SOURCE Natixis
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