JLL Capital Markets Arranges $15.645M Loan For Berkeley Industrial Property

The property located at 2630 Eighth Street in Berkeley is set for redevelopment into high-end R&D/Advanced Manufacturing space. The loan amount of $15,645,000 was arranged for this industrial asset by JLL Capital Markets. This property, situated in West Berkeley's industrial district, benefits from its central location and proximity to major transportation networks and the Port of Oakland.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,645,000
• Address: 2630 Eighth Street
• Market: Berkeley
• Lender: Berkeley Partners
• Landlord: Cobalt Investment Partners
• Brokers: Erik Hanson & Ethan Habecker - JLL

JLL Capital Markets played a key role in arranging the financing for the property's redevelopment. Erik Hanson & Ethan Habecker from JLL were the brokers representing the parties involved in this transaction.