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Boston & New England  + New England  + Industrial  | 

JLL Arranges Permanent Loan on Hartford-Area Warehouse

JLL Capital Markets arranged $9.50 million in permanent financing for Snowball Developments’ refinancing of 555 Nutmeg Rd., a fully occupied 115,800-square-foot industrial facility in South Windsor, CT, within the Hartford industrial submarket. Senior director Max Custer, director Ryan Carroll and analyst Michael Donohoe secured a five-year, fixed-rate loan through a life insurance company.

The property, constructed in 1980, features specialized warehouse capabilities including 14 truck-level loading docks, two drive-in doors and 25-foot clear ceiling heights with 60′ by 25′ column spacing. It is 100% occupied by US Autoforce, among the largest wholesale tire distributors in the U.S., which has leased the property since it was built.

“We are pleased to have assisted Snowball Developments in arranging financing for 555 Nutmeg,” said Custer. “Snowball continues to demonstrate their ability to execute on value-add industrial strategies across the Tri-State region, and as a result, there was no shortage of lender interest on this financing opportunity.”

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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).

  • ◦Financing
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