JLL arranges $236M acquisition financing for 20-property Midwest industrial portfolio
United States, Aug. 13 -- JLL Capital Markets announced it arranged $236 million in acquisition financing for a 20-property industrial portfolio totaling approximately 4.4 million square feet across six markets in Kentucky, Ohio, Missouri and Illinois.JLL worked on behalf of the borrower, a joint venture between SparrowHawk and Almanac Realty Investors, to secure a five-year, fixed-and-floating rate loan through PPM America.The Central Logistics Portfolio spans the Cincinnati, Columbus, Dayton, Louisville, Cleveland and St. Louis markets, positioning the owners to capitalize on the region's strategic logistics advantages and access to nearly 50% of the U.S. population within a day's drive.The portfolio is 94% occupied by 30 tenants across d...
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