JLL Arranges $56.3M Construction Loan For Tri-State Industrial Facility In Claymont, DE

The development of the 525,000-square-foot Tri-State Industrial facility in Claymont, Delaware has secured a construction loan of $56.3 million from Principal Asset Management, according to JLL Capital Markets. The industrial property, located at 401 Naamans Road, is set to benefit from this financing arrangement.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $56,300,000
• Address: 401 Naamans Road, Claymont, DE
• Market: Claymont, DE
• Asset Size: 525,000 square feet

JLL Capital Markets successfully facilitated the construction loan from Principal Asset Management on behalf of the development project. The loan will support the construction of the Tri-State Industrial facility, contributing to the growth of the industrial market in Claymont, Delaware. The brokers involved in this transaction were Chris Drew, Michael DiCosimo, and Michael Pagniucci from JLL.