JLL secures $36.09M in construction financing for first phase of INDUS Commerce Center @ 840 in the greater Nashville-area
United States, Oct. 2 -- JLL Capital Markets announced today that it has secured $36.09 million in construction financing for a 507,000-square-foot Class A industrial development located at 4009-4030 McCrary Road in Lebanon, Tennessee.JLL worked on behalf of the borrower, INDUS Realty Trust, to secure a five-year, floating-rate loan through Principal.The project, known as INDUS Commerce Center @ 840 ("ICC @ 840"), is a 2.15-million-square-foot master-planned logistics park. Site work for the entire park is complete, and INDUS is commencing vertical construction on the first building, a 507,000 square foot speculative cross-dock facility. Two to three additional buildings ranging from 400,000 to 1 million square are planned on a speculative ...
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