facebook
Traded Co logo
Submit
Daily limit: 0/10

Arden Logistics Parks Refinances Industrial Portfolio In Florida Illinois And North Carolina For $99.1M

Property Image
FINANCED
$99,100,000
Jillian Mariutti
Lauren Kaufman
Geoff Goldstein
+ 2

Florida

See Similar Deals
Industrial765,000 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Arden Logistics Parks Refinances Industrial Portfolio In Florida Illinois And North Carolina For $99.1M

Industrial765,000 SF
Financed
Jillian Mariutti
Lauren Kaufman
Geoff Goldstein
+ 2
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:765000 SF
Transaction Type:Loan

The asset involved in the transaction is an industrial portfolio consisting of five multi-tenant industrial parks located across Florida, Illinois, and North Carolina. This portfolio encompasses a total square footage of 765,000, with an occupancy rate of 84.4% leased to various tenants situated near key transportation hubs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $99,100,000
  • Lender: Michael Arougheti - Ares Management
  • Landlord: Craig A. Spencer - Arden Logistics Parks
  • Brokers: Geoff Goldstein, Jillian Mariutti & Lauren Kaufman - JLL
  • Loan Terms: floating-rate

This transaction involves the refinancing of the portfolio by Arden Logistics Parks through a loan from Ares Management, which was facilitated by brokers from JLL. The transaction highlights the collaborative effort of multiple parties in securing financing for strategically located industrial assets within targeted markets.

Players

Lauren Kaufman
JLL
Lauren Kaufman
33 deals$5.2B volume(312) 470-1800
BROKER
Geoff Goldstein
JLL
Geoff Goldstein
54 deals$7.9B volume
BROKER
Jillian Mariutti
JLL
Jillian Mariutti
18 deals$1.5B volume
BROKER
Ares Management
Ares Management
LENDER
CS
Craig A. Spencer
9 deals$1.5B volume
LANDLORD

Details

FINANCED
IMAGE: Geoff Goldstein, Jillian Mariutti, Michael Arougheti, Lauren Kaufman & Craig A. Spencer DATE: 04/04/2025 ADDRESS: Industrial Portfolio MARKET: Florida, Illinois & North Carolina ASSET TYPE: Industrial ~ SF: 765,000 LENDER: Michael Arougheti - Ares Management LANDLORD: Craig A. Spencer - Arden Logistics Parks BROKERS: Geoff Goldstein, Jillian Mariutti (@JillianMariutti_cre) & Lauren Kaufman - JLL (@JLL) LOAN AMOUNT: $99,100,000 LOAN TERMS: floating-rate NOTE: Arden Logistics Parks refinanced five multi-tenant industrial parks across Florida, Illinois, and North Carolina with a $99.1M floating-rate loan from Ares Management. The portfolio, spanning 765,000 SF, is 84.4% leased to tenants in diverse industries and benefits from strategic locations near key transportation hubs.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$99,100,000.00

Monthly NOI$660,666.67
Monthly Debt Service$626,379.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00