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CIP, Almanac JV Secures $820M Industrial Refi
JLL’s Capital Markets group arranged an $820-million refinancing for a national industrial portfolio comprising 42 shallow bay industrial properties totaling 6.1 million square feet across six states. The group represented a joint venture between affiliates of CIP Real Estate LLC and Almanac Realty Investors to secure a floating-rate, single-asset, single-borrower refinancing led by Wells Fargo. JPMorgan and Goldman Sachs also originated portions of the loan.
The portfolio spans six major industrial markets including Atlanta, Dallas-Fort Worth, Charlotte, Tampa and California’s East Bay and Inland Empire submarkets. As of September 2025, the portfolio was 91% leased to more than 950 unique tenants.
The JLL Debt Advisory team was led by Capital Markets president Kevin MacKenzie, senior director Peter Thompson, director Christopher Pratt, associates Kyle White and Anthony Scaglione and analyst Nick Englhard. Additional support came from investment sales teams in local markets.
“Strong sponsorship and strategic execution drove exceptional results on this significant financing,” said MacKenzie.
- ◦Financing
