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Chicago & Midwest  + Midwest  + Industrial  |  January 8, 2026
Jasmine Kilman
By: Jasmine Kilman

JLL Arranges $54M for Midwest Industrial Portfolio

JLL has arranged $54.7 million in acquisition financing for a two-property industrial portfolio spanning the St. Louis and Kansas City metropolitan areas, totaling 1.13 million square feet of distribution space.

JLL worked on behalf of the borrower, a joint venture between SparrowHawk Real Estate Strategists and Almanac Realty Investors, to secure a fixed-rate, five-year loan through a mutual life insurance company. The JLL Capital Markets team was led by Brian Walsh and Lucas Borges, along with Christian Johnston and Emma Berner.

The portfolio comprises Premier 370 DC II in St. Peters, Missouri, and Logistics Park Kansas City Building 32 in Edgerton, Kansas. Premier 370 DC II spans 366,916 square feet across 20.83 acres in the Premier 370 Business Park. LPKC Building 32 encompasses 764,735 square feet on 38.70 acres within Logistics Park Kansas City.

The portfolio is fully leased to four established operators across automotive parts distribution, packaging solutions, third-party logistics and technology services.

Don’t miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest — taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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