BankUnited Leads $28M Loan for Staten Island Industrial Acquisition
By Andrew Coen January 15, 2026 4:18 pm
reprints
Pump up the volume.
ProX, a manufacturer of hard-sided packing cases for sound equipment, lights and other entertainment supplies, has sealed $28.2 million of acquisition financing for the purchase of a newly built warehouse property in Staten Island, Commercial Observer has learned.
BankUnited provided a $24.9 million senior loan for ProX’s $33.3 million acquisition of an 80,000 square-foot industrial condominium within a 136,346-square-foot logistics complex at 2807 Arthur Kill Road in the South Shore area of Staten Island. Pursuit also supplied a $3.3 million loan through the Small Business Administration 504 program as part of the 85 percent loan-to–value deal.
Meridian Capital Group’s Benjamin Klugmann negotiated the financing.
“This was a highly coordinated transaction that required close collaboration between two lenders with different underwriting approaches,” Klugmann said in a statement. “BankUnited and Pursuit worked seamlessly together, allowing us to structure a solution that matched the strength of the sponsor and the quality of the real estate.”
BankUnited, Pursuit and ProX did not immediately return requests for comment.
Andrew Coen can be reached at acoen@commercialobserver.com.
