JLL Arranges $33.5M Refinance Loan For Fully Leased Industrial Portfolio In Philadelphia

An industrial portfolio located in Philadelphia has undergone a refinancing transaction, facilitated by JLL. The portfolio, consisting of 10 properties, is fully leased and spans a total of 443,488 square feet. Prominent national tenants, including Boeing and Fiserv, occupy these industrial spaces.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $33,500,000
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate loan
• Market: Philadelphia
• Landlord: Wharton Industrial - Peter C. Lewis
• Brokers: Michael Klein, Ryan Ade, Ryan Carroll & Steve Klein - JLL

JLL successfully arranged a $33.5 million loan to refinance the industrial portfolio in Philadelphia. This deal was executed for the benefit of Wharton Industrial, represented by Peter C. Lewis. Michael Klein, Ryan Ade, Ryan Carroll, and Steve Klein, all from JLL, acted as the brokers in the transaction. The loan terms include a fixed rate over a five-year period, providing stability to the refinancing arrangement.