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2230 Avenue J, 6650 Top Gun Street & 824 East University Drive
FINANCED

JLL Secures $30M Loan For Sagard Real Estate's Industrial Portfolio

2230 Avenue J, 6650 Top Gun Street & 824 East University Drive

Industrial
990,534 SF
clock iconFinanced 37 days ago
Eric Tupler
Christopher (Chris) Collins
Kristian Lichtenfels
+ 3
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Summary

Loan
TEXAS
Industrial
990,534 sqft

The three-property portfolio involved in the transaction is an Industrial asset totaling 330,178 square feet. The properties are located at 2230 Avenue J in Arlington, TX; 6650 Top Gun Street in San Diego, CA; and 824 East University Drive in Phoenix, AZ.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $30,000,000
  • Address: 2230 Avenue J, 6650 Top Gun Street & 824 East University Drive
  • Market: Arlington, TX; San Diego, CA; Phoenix, AZ

JLL Capital Markets, through its brokers Christopher Collins, Eric Tupler, Jarrod Howard, Kristian Lichtenfels, and Will Mogk, secured a four-year, full-term interest-only, fixed-rate loan at a 6.12% interest rate from a national correspondent life insurance company for Sagard Real Estate's properties.

Players

  • All

    6

  • Agents

    5

  • Agencies

    1

Eric Tupler's profile picture
Eric Tupler
JLL-image
Senior Managing Director
$21.3M Sold

Details

Deal Summary
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FINANCED
IMAGE: Tom Karbowski, Christopher Collins, Eric Tupler, Jarrod Howard, Kristian Lichtenfels & Will Mogk DATE: 06/05/2024 ADDRESS: 2230 Avenue J, 6650 Top Gun Street & 824 East University Drive MARKET: Arlington, TX; San Diego, CA; Phoenix, AZ ASSET TYPE: Industrial ~ SF: 330,178 LANDLORD: Tom Karbowski - Sagard Real Estate BROKERS: Christopher Collins, Eric Tupler, Jarrod Howard, Kristian Lichtenfels & Will Mogk (@WillMogk) - JLL (@JLL) LOAN AMOUNT: $30,000,000 LOAN TERMS: four-year, full-term interest-only, fixed-rate loan NOTE: JLL Capital Markets secured $30 million in financing for a three-property portfolio totaling 330,178 square feet in Texas, California, and Arizona for Sagard Real Estate. The four-year, full-term interest-only loan at a 6.12% fixed rate was arranged through a national correspondent life insurance company.

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Address2230 Avenue J, 6650 Top Gun Street & 824 East University Drive

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