JLL Arranges $33.5M Refinance Loan For Fully Leased Industrial Portfolio In Philadelphia | JLL brokers loan for $33,500,000 in Philadelphia | Ryan Carroll, Ryan Ade, Michael Klein, Steven (Steve) Klein | Industrial | Loan

Summary

Loan

NEW YORK

Industrial

443,488 sqft

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.

Players

All
5

Agents
4
Agencies
1

Ryan Carroll

Associate, Debt & Equity

Ryan Ade

Senior Managing Director

Michael Klein

Senior Managing Director

$174.1M Sold

Steven (Steve) Klein

Managing Director

$40M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: Peter C. Lewis, Michael Klein, Ryan Ade, Ryan Carroll & Steve Klein DATE: 10/25/2023 ADDRESS: Industrial Portfolio MARKET: Philadelphia ASSET TYPE: Industrial ~ SF: 443,488 LANDLORD: Wharton Industrial - Peter C. Lewis BROKERS: Michael Klein, Ryan Ade, Ryan Carroll & Steve Klein - JLL (@JLL) LOAN AMOUNT: $33,500,000 LOAN TYPE: Refinance LOAN TERMS: five-year, fixed-rate loan NOTE: JLL arranged a $33.5 million loan for the refinancing of a fully leased 10-property industrial portfolio in the Philadelphia metro area. The portfolio, totaling 443,488 square feet, includes national tenants like Boeing and Fiserv.

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AddressJLL brokers loan for $33,500,000 in Philadelphia

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