Seagis Property Group LP Secures $112M Refinancing Loan For Miami Industrial Portfolio

255 Northeast 181st Street, North Miami Beach, Florida 33162, United States

$112,000,000

$125/SF

Building Size

895,958 SF

Asset Type

Industrial

Closing

Oct 9, 2022

AI

The recent transaction in Miami, Doral, Medley, Miramar, Ft. Lauderdale, and Pompano Beach involved the refinancing of an industrial property portfolio. The portfolio encompasses a total of 895,958 square feet and includes multiple locations: 255 NE 181st St, 3075 NW 10th Ave, 8850 NW 15th St, 9700 NW 17th St, 10100 NW 25th St, 10005 NW 58th St, 12800 NW 113th Court, 3501 Commerce Parkway, 1919 NW 19th St, 2765 SW 36th St, 3400-3406 SW 26th Terrace, and 280 NW 12th Ave. Seagis Property Group LP is the landlord of these properties.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $112,000,000
Loan Type: Refinancing Loan
Loan Terms: Seven-year, fixed-rate loan

JLL Capital Markets represented the borrower in this refinancing loan. The team of brokers involved in the transaction includes Jim Cadranell, Gregory Nalbandian, Maxx Carney, and Michael Lachs. Their expertise helped facilitate the successful completion of this seven-year, fixed-rate loan refinancing deal for the industrial property portfolio.

Players