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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  July 31, 2024
Paul Bubny
By: Paul Bubny

JLL Arranges Sale, Financing of NW Indiana Industrial Portfolio

JLL Capital Markets secured the sale and acquisition financing for Northwest Indiana Logistics Portfolio, two multi-tenant industrial facilities located at 6525 and 6750 Daniel Burnham Dr. in Portage, IN. Financial terms were not disclosed.

JLL represented the confidential seller in the sale to Sperry Equities. Additionally, on behalf of the new owner, JLL arranged a five-year, fixed-rate loan through New York Life Real Estate Investors.

The portfolio includes two distribution centers built in the early 2000s, 97% occupied with eight tenants. Totaling 639,829 square feet, the portfolio occupies AmeriPlex at the Port, a 385-acre industrial park.

The JLL Investment Sales and Advisory team was led by industrial co-leader and senior managing director John Huguenard alongside managing directors Ed Halaburt and Kurt Sarbaugh. The JLL Debt Advisory team was led by senior director Brian Walsh.

Read More News Stories About: JLL
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JLL's Huguenard

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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  • ◦Sale/Acquisition
  • ◦Financing