JLL Facilitates $100M Refinance Deal For Seagis Property Group's Industrial Portfolio

Nine industrial warehouse properties spanning 824,546 square feet in South Florida were part of a $100 million financing deal. The loan, provided by Nationwide, was a seven-year, interest-only refinance obtained by Seagis Property Group LP. These properties are located in prime locations across Miami Lakes, Doral, Miami, Miramar, and Davie.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $100,000,000
• Address: Portfolio Deal
• Market: Miami Lakes, Doral, Miami, Miramar, & Davie
• Lender: Nationwide
• Landlord: Seagis Property Group LP
• Brokers: Gregory Nalbandian, Jim Cadranell, Jimmy Calvo, & Michael Lachs - JLL

JLL Capital Markets played a key role in facilitating the $100 million financing deal, representing Seagis Property Group LP in securing an interest-only loan for the entirety of a seven-year term from Nationwide. The portfolio of industrial warehouse properties boasts a remarkable 99 percent occupancy rate, underlining the strategic positioning of Seagis Property Group LP in the South Florida Industrial Market.