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JLL Secures $84M in Financing for Six-Property Southeast Industrial Portfolio
JLL has secured $84.3 million in post-acquisition financing for a six-property industrial portfolio totaling 1.5 million square feet in the Southeast. The properties are located in Florida, Atlanta, Greensboro, N.C. and Memphis as well as one property in Phoenix.
The borrower, MDH Partners, acquired the portfolio in separate transactions throughout the year. The portfolio is comprised of two Florida properties, 1350 NW 74th St. in Miami and 3115-3165 Lakewood Ranch Blvd. in Bradenton as well as 5300 Kennedy Rd. in Forest Park, GA., 404, 420 A&B N. Chimney Rd. in Greensboro; 4565 W. Watkins St. in Phoenix; and 3527-3539, 3543 Lamar Ave. in Memphis.
Christopher Drew, Maxx Carney, Reid Carleton, Ed Coco and Carl Beardsley of JLL secured the financing on behalf of MDH Partners through lender Wells Fargo Bank. Terms of the financing included a five-year, floating-rate.
For comments, questions or concerns, please contact David Cohen
- ◦Financing
