DENVER, January 7, 2020 - JLL Capital Markets announced today that it has arranged $130 million in post-acquisition financing for a 22-building logistics portfolio totaling 3.78 million square feet of industrial space with properties in and around Chicago, Columbus, Indianapolis, Louisville and Cincinnati.

JLL worked on behalf of a U.S. subsidiary of a publicly traded Canadian real estate company to place the 10-year, 3.10% fixed-rate loan with a national balance sheet lender. Loan proceeds will be used to place debt on the portfolio as it was purchased all cash earlier in the year.

The portfolio features quality industrial assets built between 1966 and 2016 and located in strong, infill locations across major markets in the midwestern United States. The locations provide ideal access to major highways, intermodals and air cargo distribution hubs. The portfolio is approximately 90% leased to 52 tenants.

The JLL Capital Markets Debt Placement team representing the borrower included Senior Director Kristian Lichtenfels, Senior Managing Director Eric Tupler, Managing Director Matthew Schoenfeldt and Senior Managing Director Ken Martin.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: U.S. newsroom.

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Jones Lang LaSalle Inc. published this content on 07 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2020 21:02:01 UTC