JLL Arranges $158M Loan For Provender Partners' Cold Storage Portfolio In Alabama, Illinois, Nevada & Oakland | JLL brokers loan for $158,000,000 Cold Storage Portfolio | Brian Torp, Peter Thompson, Michael Leggett | Self Storage | Loan

Summary

Loan

CALIFORNIA

Self Storage

1 sqft

The recently closed transaction involves a cold storage portfolio located in Alabama, Illinois, Nevada, and Oakland, CA. The portfolio measures approximately 1,000,000 square feet and is owned by Provender Partners, with Neil Johnson as the landlord representative, and StepStone Real Estate, represented by John Waters.

Summary of transaction details

Property Type: Cold Storage
Transaction Amount: $158,000,000
Loan Type: Recapitalization
Date: January 25, 2023
Address: Cold Storage Portfolio
Market: Alabama, Illinois, Nevada & Oakland, CA

The brokers involved in the deal are Brian Torp and Peter Thompson from JLL. Additionally, the advisory team included Michael Leggett, Sher Hafeez, and Josh Lieberman, also from JLL.

Players

All
4

Agents
3
Agencies
1

$197M Sold

Senior Managing Director, Office Group Leader

$900.4M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: Brian Torp & Peter Thompson DATE: 01/25/2023 ADDRESS: Cold Storage Portfolio MARKET: Alabama, Illinois, Nevada & Oakland, CA ASSET TYPE: Cold Storage ~ SF: 1,000,000 LANDLORD: Provender Partners (@ProvenderPartners) - Neil Johnson; StepStone Real Estate - John Waters BROKERS: Brian Torp & Peter Thompson - JLL ADVISOR: Michael Leggett, Sher Hafeez & Josh Lieberman - JLL (@JLL) LOAN AMOUNT: $158,000,000 LOAN TYPE: Recapitalization

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AddressJLL brokers loan for $158,000,000 Cold Storage Portfolio

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