Canyon Partners Real Estate Provides $67M Senior Loan to Refinance Class-A Industrial Property in New Jersey

Financing underscores Canyon's continued focus on high-quality industrial assets

ELIZABETH, NJ, Sept. 9, 2026 /PRNewswire/ -- Canyon Partners Real Estate LLC ("Canyon") today announced that it has provided a $67 million senior loan with Kurv Industrial ("Kurv") for the refinancing of Kurv Elizabeth ("the Property"), a Class-A industrial property in Elizabeth, NJ. The transaction was facilitated by CBRE Group, Inc. ("CBRE").

Delivered in mid-2024, Kurv Elizabeth comprises four buildings totaling more than 278,000 square feet. Designed to accommodate a variety of industrial users, the Property features flexible size offerings, rear-load configurations, and upgraded LED lighting.

The Property is situated in an infill, waterfront location near the Port Newark-Elizabeth Marine Terminal, Newark Liberty International Airport, and Interstate-95, with convenient access to Interstate 78 and connectivity to Lower Manhattan and Pennsylvania's Lehigh Valley. The surrounding Elizabeth industrial submarket benefits from limited new supply and demand from logistics and distribution users seeking access to the broader New York metropolitan area.

"Kurv Elizabeth represents a compelling opportunity to finance a high-quality industrial asset in a strategically located market supported by connectivity and durable demand," said Robin Potts, Chief Investment Officer of Canyon Partners Real Estate. "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."

The financing represents Canyon's second transaction with Kurv, following its March 2026 partnership on the refinancing and lease-up of Kurv Philadelphia, a Class-A industrial property in Philadelphia, Pennsylvania.

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

Canyon has a strong track record of providing debt and equity capital across the Northeast, capitalizing $5.6 billion of total projects across all asset types, and continues to pursue compelling real estate opportunities in primary and secondary markets throughout the United States.

About Canyon Partners Real Estate LLC
Founded in 1991, Canyon Partners Real Estate LLC ("Canyon") is the real estate direct investing arm of Canyon Partners, LLC, a global alternative asset manager with approximately $30 billion in assets under management. Over the last fifteen years, Canyon has invested over $7.7 billion of debt and equity capital across 268 transactions capitalizing approximately $24.6 billion of real estate assets, focusing on debt, value add, and opportunistic strategies. With 30+ years of experience, Canyon has established a broad menu of investment capabilities spanning property types, US regions, and project stages (including development, transitional, and distressed/workouts). For more information visit: www.canyonpartners.com.

Media Contacts:

Canyon Partners
Kris Cole
[email protected]
(310) 614 9208

SOURCE Canyon Partners LLC