FINANCED
JLL Arranges $56.3M Construction Loan For Tri-State Industrial Facility In Claymont, DE
401 Naamans Road
Industrial
525,000 SF
525,000 SF
Financed 248 days ago
Summary
Loan
DELAWARE
Industrial
525,000 sqft
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.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Chris Drew, Michael DiCosimo & Michael Pagniucci
DATE: 08/29/2023
ADDRESS: 401 Naamans Road
MARKET: Claymont, DE
ASSET TYPE: Industrial ~ SF: 525,000
LENDER: Principal Asset Management
LANDLORD: KPR Centers, LLC & PCCP, LLC
BROKERS: Chris Drew, Michael DiCosimo & Michael Pagniucci - JLL
LOAN AMOUNT: $56,300,000
LOAN TYPE: Construction
NOTE: JLL Capital Markets has successfully arranged a construction loan of $56.3 million from Principal Asset Management for the development of the 525,000-square-foot Tri-State Industrial facility in Claymont, Delaware.View on map
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Address401 Naamans Road
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