JLL Facilitates $100M Refinance Deal For Seagis Property Group's Industrial Portfolio | JLL Facilitates $100M Refinance Deal For Seagis Property Group's Industrial Portfolio | Nationwide | Jimmy Calvo, Michael Lachs, Jim Cadranell, Gregory (Greg) Nalbandian | Industrial | Loan

Summary

Loan

FLORIDA

Industrial

4,122,730 sqft

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.

Players

All
6

Agents
4
Agencies
1
Lenders
1

Jimmy Calvo

Capital Markets Associate

Michael Lachs

Vice President

Jim Cadranell

Senior Managing Director

$33M Sold

Gregory (Greg) Nalbandian

Senior Managing Director

$29M Sold

JLL

Nationwide

Details

Deal Summary

FINANCED

IMAGE: Gregory Nalbandian, Jimmy Calvo, Jim Cadranell & Michael Lachs DATE: 04/16/2024 ADDRESS: Portfolio Deal MARKET: Miami Lakes, Doral, Miami, Miramar & Davie ASSET TYPE: Industrial ~ SF: 824,546 LENDER: Nationwide LANDLORD: Seagis Property Group LP BROKERS: Gregory Nalbandian, Jim Cadranell, Jimmy Calvo (@JCalvo1993) & Michael Lachs - JLL (@JLL) LOAN AMOUNT: $100,000,000 LOAN TYPE: Refinance LOAN TERMS: seven-year, interest-only NOTE: JLL Capital Markets facilitated a $100 million financing deal for nine industrial warehouse properties spanning 824,546 square feet in South Florida, securing an interest-only loan for the entire seven-year term from Nationwide. Seagis Property Group LP, the borrower, was represented by JLL in the transaction, with the portfolio boasting a 99 percent occupancy rate across prime locations in the South Florida Industrial Market.

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

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