An acquisition loan of $16,800,000 was secured for a 138,852-square-foot industrial property located at 861 Sloan Avenue in the Hamilton market. The asset spans 13.6 acres and has been renovated for its new purpose.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,800,000
• Address: 861 Sloan Avenue
• Market: Hamilton
• Borrower: Joint venture between Lincoln Property Co. and Ullico Investment Advisors
• Lender: Prime Finance
• Landlords: Clay Duvall - Lincoln Property Co., Brian Hale - Ullico Investment Advisors
• Brokers: Jim Cadranell, Jon Mikula & Kevin Badger - JLL
• Loan Type: Acquisition

JLL played a crucial role in securing the acquisition financing, enabling the joint venture to advance their purchase of the industrial property, collaborating with notable partners in the lending and ownership landscape.