JLL secures $213M financing for an eight-property national industrial portfolio
United States, Aug. 5 -- JLL Capital Markets announced that it arranged $213 million in refinancing for a portfolio of eight Class A industrial buildings totaling 2.2 million square feet across the Chicago, Orlando, Philadelphia, Sacramento and Washington, D.C. markets. JLL worked on behalf of the borrower to secure a loan through PGIM Real Estate. The cross-collateralized financing featured both fixed- and floating-rate tranches to provide flexibility for the borrower.The portfolio features highly functional, institutional-quality assets with an average clear height of 31 feet and an average year built of 2015. Properties in the portfolio include 17600 Shideler Parkway in Lathrop, California; Bent Oak Industrial Park Buildings 600, 700 and...
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