JLL arranges $6.9M acquisition financing for Southern Maine industrial property
United States, Sept. 1 -- JLL Capital Markets announced it has arranged $6.9 million in acquisition financing for 43 Bibber Parkway, a 100,255-square-foot shallow-bay industrial building in Brunswick, Maine.JLL worked on behalf of the borrower, Queen City Development Group, to secure a five-year, fixed-rate loan through Bangor Savings Bank.Built in 1996 and renovated in 2007, 43 Bibber Parkway is a single-story industrial building situated on 7.78 acres within Brunswick Industrial Park. The property features 24-foot clear heights, seven loading docks, one drive-in door and 80 surface parking spaces. At the time of financing, the building was 93% leased to tenants in the architectural signage manufacturing and specialty retail industries.Loc...
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