JLL Arranges $213 Million Refinance For 2.2 Million Square Foot Industrial Portfolio Across Five Markets

This article discusses an eight-building Class A industrial portfolio consisting of 2,200,000 square feet located in various markets including Chicago, IL; Orlando, FL; Philadelphia, PA; Sacramento, CA; and Washington, D.C. The portfolio is currently 98% leased to 12 tenants and has undergone a refinancing transaction amounting to $213,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $213,000,000
• Asset Square Footage: 2,200,000
• Lender: Mike Catalano, Campbell Schultz & Josh Horner - PGIM Real Estate
• Brokers: John Rose, Ryan Pollack, Jordan Buck, Shishir Reddy, Chad Orcutt, Robert Carey, Lucas Borges, Taylor Gimian & Wells Waller - JLL
• Loan Type: Refinance
• Portfolio Lease Percentage: 98%

The refinancing was arranged by JLL, which included both fixed- and floating-rate tranches to offer financing flexibility. The key players in this transaction include lenders Mike Catalano, Campbell Schultz, and Josh Horner from PGIM Real Estate, alongside brokers John Rose, Ryan Pollack, Jordan Buck, Shishir Reddy, Chad Orcutt, Robert Carey, Lucas Borges, Taylor Gimian, and Wells Waller from JLL.