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JLL Arranges Sale, Financing for CT Distribution Center
JLL Capital Markets secured the $12-million sale and acquisition financing for 100 Sanrico Dr., a 190,646-square-foot distribution facility in Manchester, CT. The property is fully leased to a credit tenant.
A JLL Capital Markets Investment Sales team led by managing director Michael Restivo, director David Coffman and analyst Ali Howard represented the seller, SkyREM, in the sale to B&D Holdings. Sentry Commercial and Silver Edge Real Estate represented the buyer.
On behalf of the new owner, the JLL Capital Markets Debt Advisory team of senior director Max Custer, managing directors Amy Lousararian and Thomas E. Didio, Jr. and analyst Christian Badalamenti also arranged a fixed-rate, five-year acquisition loan through Ameritas.
“100 Sanrico Dr. represented a prime investment opportunity to take advantage of affordability without relinquishing quality and accessibility,” said Restivo. “With its strategic location, high-quality tenant and state-of-the-art features, this asset is well-positioned to benefit from the continued growth in e-commerce and logistics demand.”
- ◦Sale/Acquisition
- ◦Financing
