JLL Capital Markets arranges $22M refinancing of eight-property industrial outdoor storage (IOS) portfolio in Virginia and North Carolina
United States, Oct. 23 -- JLL Capital Markets announced that it has arranged a $22.24 million refinancing for the Rampart Mid Atlantic Portfolio, a collection of eight stabilized low coverage industrial properties totalling 98,394 square feet on 27.36 usable acres in Virginia and North Carolina.JLL worked on behalf of the borrower, Hoboken, New Jersey-based Rampart Real Estate Partners, to secure the fixed rate, permanent financing through a regional bank.The portfolio is strategically positioned across three dynamic metropolitan markets -Richmond and Norfolk, Virginia, and Charlotte, North Carolina - providing tenants with access to major transportation networks, growing population centers and robust local economies. The properties feature...
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