Ford Point Richmond Foreclosed After Loan Default
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Blackstone Lender Takes Over 517,000 SQFT Ford Point in Richmond Through Foreclosure
Madison Capital and Meadow Partners have lost Richmond’s historic Ford Point, the waterfront former Ford assembly plant they bought for $103.7 million in 2022, to their lender through foreclosure. Their largest tenant, a battery startup, went out of business in 2024, leaving more than a third of the building empty. An affiliate of Blackstone’s commercial […]
Ford Point Richmond Foreclosed After Loan Default
Ford Point, the former Ford Motor Company assembly plant on Richmond’s waterfront, has changed hands through foreclosure after its owners defaulted on a $106.3 million loan. The debt was reported at $92.6 million by the time the property transferred to an affiliate of Blackstone’s real estate financing arm, putting a landmark with commercial tenants and public-facing uses under new ownership. Contra Costa County Recorder's Office documents show …
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