JLL secures $54.7 Million acquisition financing for SparrowHawk-Almanac venture in the Midwest
United States, Jan. 7 -- JLL Capital Markets announced it has arranged $54.7 million in acquisition financing for a two-property industrial portfolio spanning the St. Louis and Kansas City metropolitan areas, totaling 1.13 million square feet of Class A distribution space.JLL worked on behalf of the borrower, a joint venture between SparrowHawk Real Estate Strategists and Almanac Realty Investors, to secure a fixed-rate, five-year loan through a top tier mutual life insurance company.This strategic acquisition represents the first acquisition of a $300 million capital commitment, accelerating the joint venture's growth through targeted industrial acquisitions across the Midwest.The SparrowHawk Industrial Two-Pack comprises Premier 370 DC II...
To read the full article or to get the complete feed from this publication, please
Contact Us.