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

2013 Mccarter Highway, 1700 Eller Drive & 8315 Northwest 27th Street

$102,000,000

$68/SF

Building Size

1,487,022 SF

Asset Type

Industrial

Closing

Nov 25, 2024

AI

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.

Players