JLL secures $621M refinancing for Merritt Properties' Baltimore-Washington industrial portfolio through M&T Bank
United States, July 21 -- JLL Capital Markets announced today, alongside M&T bank, the successful completion of a $621 million refinancing for a portion of Merritt Properties' Maryland Industrial Portfolio, one of the largest privately owned light industrial portfolios in the Mid-Atlantic.JLL represented Merritt Properties and its affiliates in arranging the financing, securing a fully underwritten seven-year balance sheet loan through M&T Bank.The portfolio encompasses 58 properties totaling approximately 6.3 million square feet across the Baltimore-Washington metropolitan area. Strategically located throughout the BWI Corridor, Northwest Baltimore, the I-95 Corridor and Hagerstown, the portfolio serves hundreds of businesses across a dive...
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