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JLL brokers $869M loan for industrial properties
FINANCED

Northwestern Mutual And PGIM Refinance $869M Loan On Industrial Properties

JLL brokers $869M loan for industrial properties

Industrial
11,400,000 SF
clock iconFinanced 260 days ago
Ryan Pollack
John Rose
Luke Rogers
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Summary

Loan
NATIONAL
Industrial
11,400,000 sqft

An undisclosed borrower has obtained $869 million in refinancing from Northwestern Mutual and PGIM Real Estate for a fully leased portfolio of 25 industrial properties totaling 11.4 million square feet in 13 U.S. markets. The debt includes fixed-rate deals with $259 million and $195 million from Northwestern Mutual, and $415 million from PGIM, with JLL Capital Markets arranging the financing.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $869,000,000
  • Address: Industrial Properties
  • Market: United States
  • Asset Type: Industrial
  • Square Footage: 11,400,000

The borrower has secured refinancing of $869 million for a fully leased portfolio of 25 industrial properties. Northwestern Mutual provided $259 million and $195 million, while PGIM Real Estate contributed $415 million. The financing was arranged by JLL Capital Markets.

Players

  • All

    6

  • Agents

    3

  • Agencies

    1

  • Lenders

    2

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Ryan Pollack
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Analyst
$114.3M Sold
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Details

Deal Summary
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FINANCED
IMAGE: Kevin Westra, Bob Henning, Paul Geyer, John Rose & Ryan Pollack DATE: 10/27/2023 ADDRESS: Industrial Properties MARKET: United States ASSET TYPE: Industrial ~ SF: 11,400,000 LENDER: Northwestern Mutual (@NorthwesternMutual) - Kevin Westra & Bob Henning; PGIM Real Estate (@PGIM) - Paul Geyer BROKERS: John Rose, Luke Rogers & Ryan Pollack (@RyanPollack) - JLL (@JLL) LOAN AMOUNT: $869,000,000 LOAN TYPE: Refinance NOTE: An undisclosed borrower has obtained $869 million in refinancing from Northwestern Mutual and PGIM Real Estate for a fully leased portfolio of 25 industrial properties totaling 11.4 million square feet in 13 U.S. markets. The debt includes fixed-rate deals with $259 million and $195 million from Northwestern Mutual, and $415 million from PGIM, with JLL Capital Markets arranging the financing. #

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AddressJLL brokers $869M loan for industrial properties

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