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

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.