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

The Gateway Industrial Center, a 1.4 million square-foot industrial campus located at 12601 Southfield Freeway in Detroit, Michigan, has undergone a $125 million recapitalization. The industrial property is situated on 69 acres and is owned by Innovo Development Group. JLL Capital Markets led the financial transaction.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $125,000,000
• Address: 12601 Southfield Freeway, Detroit, Michigan
• Square Footage: 1,400,000
• Acres: 69
• Landlord: Innovo Development Group
• Broker: Stephen Van Leer, Ed Halaburt, Trent Niederberger, and Ross Bratcher - JLL

JLL Capital Markets facilitated the recapitalization by arranging $10 million of joint venture equity for the Gateway Industrial Center. This financing was secured through the Realty Mogul platform. Stephen Van Leer, Ed Halaburt, Trent Niederberger, and Ross Bratcher from JLL represented Innovo Development Group in this transaction. The recapitalization aims to enhance the industrial campus and unlock its potential for future growth and success.