$142.18 Million financing arranged for a fully leased 2.2M SF industrial and office portfolio
United States, Feb. 3 -- JLL Capital Markets announced it has arranged $142.18 million in financing for a fully leased, 2.16-million-square-foot industrial portfolio spanning California, Florida, Georgia and Texas. The portfolio also included a 46,182-square-foot office property located in Irvine, California.JLL worked on behalf of the borrower, Bixby Capital Management, to secure the 10-year, fixed-rate loan through PGIM Real Estate.The portfolio comprises eight Class A well-located, warehouse and distribution facilities in highly desirable industrial markets. With an average vintage of 2014, the facilities feature clear heights ranging from 28 to 36 feet, ample dock doors and strategic positioning near key logistics hubs such as the ports...
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