In March of 2022, Emerald Creek Capital provided a $14,094,000 acquisition loan in the city of Rochester, NY. The loan is secured by a 111,741-square-foot warehouse and distribution facility situated on a 10.42-acre site which is net leased to FedEx. The subject property is located within the Rochester Technology Park, home to global tenants including Pepsi, McKesson, Kodak, and L3 Harris Technologies. New York’s fourth largest city, Rochester has a strong presence of prominent corporations leading it to be a hub for research, development, manufacturing, and distribution. The subject property is accessible by Interstates 490 and 390, and is in close proximity the Greater Rochester International Airport.
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