JLL Capital Markets Leads $125M Recapitalization Of Detroit's Gateway Industrial Center

The Gateway Industrial Center is a 1.4 million square-foot industrial campus situated at 12601 Southfield Freeway in Detroit, Michigan, encompassing 69 acres. The recapitalization of this property was facilitated through a loan amounting to $125 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $125,000,000
• Asset Size: 1,400,000 SF
• Land Area: 69 acres
• Market: Detroit, Michigan
• Landlord: Innovo Development Group
• Broker: Stephen Van Leer, Ed Halaburt, Trent Niederberger & Ross Bratcher - JLL

JLL Capital Markets spearheaded the recapitalization effort, assisting Kalamazoo's Innovo Development Group in securing $10 million of joint venture equity through the Realty Mogul platform as part of this deal.