JLL Secures $820 Million Refinance For 42-Property Industrial Portfolio Owned By CIP Real Estate And Almanac Realty Investors

A 42-property industrial portfolio comprising 6,100,000 square feet located across six major U.S. industrial markets including Atlanta, Dallas-Fort Worth, Charlotte, Tampa, East Bay, CA, and Inland Empire has secured a refinancing deal. The total loan amount for the refinancing is $820,000,000, structured as a floating-rate loan.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $820,000,000
• Loan Type: Refinance
• Loan Terms: floating-rate
• Lender: Wells Fargo, J.P. Morgan Chase, Goldman Sachs
• Landlord: Eric Smyth - CIP Real Estate; Matthew Kaplan - Almanac Realty Investors
• Brokerage Firm: JLL
• Key Brokers: Nick Englhard, Peter Thompson, Kevin MacKenzie, Christopher Pratt, Kyle White, Anthony Scaglione
• Property Leased Rate: 91% with over 950 tenants

The transaction involved key players from the real estate industry, with Eric Smyth representing CIP Real Estate and Matthew Kaplan representing Almanac Realty Investors. JLL Capital Markets was responsible for arranging the refinancing, with a consortium of lenders led by Wells Fargo and including participation from J.P. Morgan Chase and Goldman Sachs.