JLL Arranges $102 Million Loan Through Nationwide For Seagis Class A Industrial Portfolio

The Seagis Class A Industrial Portfolio consists of three newly completed warehouse distribution centers located at 2013 McCarter Highway in Newark, NJ, 1700 Eller Drive in Dania Beach, FL, and 8315 Northwest 27th Street in Doral, FL. The total square footage of the portfolio is 495,674, positioning it within significant industrial markets in both Northern New Jersey and South Florida.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $102,000,000
• Lender: Nationwide
• Landlord: John Begier - Seagis Property Group LP
• Brokers: Jim Cadranell, Gregory Nalbandian & Michael Lachs - JLL
• Loan Terms: seven-year, fixed-rate, interest only

JLL Capital Markets facilitated the financing arrangement for the portfolio, securing a $102 million loan through Nationwide. This transaction highlights the effective collaboration among the brokers, showcasing their role in organizing financing for a substantial industrial asset across multiple locations.