United States, March 26 -- JLL Capital Markets announced it has arranged $70 million in bridge financing for the Tri-State Distribution Center, a newly delivered 525,000-square-foot Class A industrial warehouse located at 401 Naamans Rd. in Claymont, Delaware.JLL worked on behalf of the borrower, a joint venture between KPR Centers LLC and PCCP LLC, to secure the three-year bridge loan with extension options through Pearlmark, on behalf of its new senior mortgage debt fund, PRSM I.The property represents a successful conversion from retail to industrial use, as the sponsors acquired the former 588,000-square-foot Tri-State Mall site in June 2021 and obtained zoning entitlements to develop the industrial warehouse. The state-of-the-art distr...