Miami, FL-Based Adler Real Estate Partners has secured $193 million in permanent financing for a nine-property light industrial portfolio totaling 1.7 million square feet located in infill locations in South FL, AL, MD, NC and TX.

Chris Drew, Melissa Rose and Christopher Gathman of JLL worked exclusively on behalf Adler Real Estate Partners, a light industrial owner, to place the five-year, fixed-rate, non-recourse loan with TIAA Bank.

“TIAA Bank provided a seamless execution on a large loan at a time when $100 million and up, single-source capital has become scarce,” said Rose.

 The Adler Real Estate Partners portfolio is comprised of 145 tenants across 17 industries. The assets, constructed between 1981 and 2001, maintain above-market occupancies and consistently outperform the local competition. The portfolio properties’ optimal infill locations, which provide direct access to transportation and infrastructure, added to the strong lender interest in the financing opportunity, according to JLL.

Photo: South Point Business Park, Charlotte, NC