Canyon Partners Secures $67 Million Loan for New Jersey Industrial Property Refinancing

Elizabeth, NJ, September 9, 2026 – In a significant move poised to enhance its portfolio, Canyon Partners Real Estate LLC (Canyon) has announced a $67 million senior loan agreement with Kurv Industrial (Kurv). This strategic financing is aimed at refinancing the Class-A industrial property located in Elizabeth, NJ. The deal was facilitated by the CBRE Group, Inc. (CBRE).

The property, known as Kurv Elizabeth, is a modern facility spanning over 278,000 square feet, designed to cater to a diverse range of industrial users. It boasts flexible signage, upgraded LED lighting, and practical rear-load configurations, making it an attractive location for businesses in need of efficient logistics solutions.

Situated in a prime infill location near the Port Newark-Elizabeth Marine Terminal, Newark Liberty International Airport, and Interstate 95, Kurv Elizabeth enjoys unparalleled access to major transportation routes. This strategic positioning enhances its appeal to logistics and distribution companies that are part of the vibrant New York metropolitan area market. Additionally, the limited new supply in the surrounding Elizabeth industrial submarket suggests a robust demand for high-quality industrial spaces.

Robin Potts, Chief Investment Officer of Canyon Partners, expressed enthusiasm about the financing, stating, "Kurv Elizabeth represents a compelling opportunity to finance a high-quality industrial asset in a strategically located market supported by connectivity and durable demand. We are pleased to build on our relationship with Kurv on this project, and we continue to see an attractive opportunity set across the industrial sector, particularly for well-located assets serving major population and logistics hubs."

This transaction marks the second collaboration between Canyon and Kurv, following a successful partnership earlier in March 2026, which focused on refinancing and leasing for Kurv Philadelphia, enhancing Canyon's reputation in the industry.

Bill Jurjovec from CBRE commented on the efficiency of Canyon's involvement, saying, "Canyon's involvement was valuable in getting this financing completed quickly and efficiently. Their responsiveness at every stage helped keep the process moving smoothly, and the result was a favorable outcome for everyone involved."

Canyon Partners Real Estate has a well-established track record, having funded approximately $5.6 billion in projects across various asset types in the Northeast, showcasing its commitment to pursuing meaningful real estate opportunities in both primary and secondary markets in the United States.

Founded in 1991, Canyon Partners Real Estate LLC is the commercial real estate investment arm of Canyon Partners, LLC, a global alternative asset manager managing around $30 billion. Over the past 15 years, Canyon has successfully invested more than $7.7 billion in debt and equity capital across 268 transactions, capitalizing on approximately $24.6 billion of real estate assets. Their investment strategies focus on debt, value addition, and opportunistic approaches, offering an extensive range of capabilities across diverse property types and project stages.

To learn more about Canyon Partners, visit www.canyonpartners.com.