JLL Arranges $176M Refinancing of Northern New Jersey, South Florida Industrial Portfolio

JLL Arranges $176M Refinancing of Northern New Jersey, South Florida Industrial Portfolio

MORRISTOWN, N.J. — JLL has arranged a $176 million loan for the refinancing of a portfolio of six industrial properties totaling approximately 1.2 million square feet. Four of the properties are located in the Northern New Jersey communities of Carlstadt, Lyndhurst, Carteret and North Brunswick and feature clear heights of 16 to 25 feet. The other two properties are located in South Florida. Jim Cadranell, Gregory Nalbandian, Michael Lachs and K…

JLL arranges $176M financing for six-property industrial portfolio in N.J. and Florida

JLL Capital Markets said Dec. 23 it has arranged $176 million in permanent financing for Seagis Property Group LP to refinance a six-property industrial portfolio encompassing 1.22 million square feet across Northern New Jersey and South Florida. The portfolio is 96% occupied with the four largest tenants comprising 81% of the portfolio. JLL exclusively represented the borrower, Seagis Property Group, to secure an eight-year, fixed-rate loan thr…