Seagis Property Group Secures $176M Refinance Loan For Industrial Portfolio With JLL's Brokers

A 1,220,000 square foot industrial portfolio located across Carlstadt, Lyndhurst, Carteret & North Brunswick, NJ, and Doral, FL was refinanced for $176 million. The portfolio comprises six properties and is currently 96% leased.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $176,000,000
• Loan Type: Refinance
• Loan Terms: eight-year, fixed-rate
• Lender: Nationwide
• Landlord: John Begier - Seagis Property Group
• Brokerage: Jim Cadranell, Gregory Nalbandian, Michael Lachs & Kevin Badger - JLL

JLL Capital Markets was responsible for arranging the refinancing through Nationwide, with Seagis Property Group managing the properties involved in the transaction.