J.P. Morgan Delivers $90M for Pair of Logistics Acquisitions

Chicago-based Logistics Property Company, LLC secured finance loans with J.P. Morgan with a combined value of roughly $90 million for its 94 Logistics Park, Kenosha, WI (pictured) and Southport Logistics Park, Wilmer, TX.

Logistics Property Co.’s Mark Skinner says, “We’re excited to establish a relationship with J.P. Morgan across multiple projects in North America. This commitment reflects the underlying strength of these markets for industrial properties.”

The loans will fund Phase I of LPC’s 94 Logistics Park and Southport Logistics Park. 94 Logistics Park is a 67-acre parcel situated directly on Interstate 94 at 4250 120th Ave., less than 50 miles from Chicago and near the $10 billion Foxconn manufacturing facility. It is expected to deliver by the end of summer 2019.

Southport Logistics Park is a 252-acre master-planned logistics destination within the South Dallas submarket of Dallas-Fort Worth. At full build-out, Southport will house more than 3.7 million square feet of Class-A industrial space.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Logistics Property Co.’s Skinner

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

Order Reprints

◦Financing

Sub Markets

National

Property Sectors

Topics

National CRE News In Your Inbox.

J.P. Morgan Delivers $90M for Pair of Logistics Acquisitions

Inside The Story

About Dennis Kaiser

STAY INFORMED

Sub Markets

National

Property Sectors

Topics

National CRE News In Your Inbox.

J.P. Morgan Delivers $90M for Pair of Logistics Acquisitions

Inside The Story

About Dennis Kaiser