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JLL Capital Markets Secures $29.5 Million Financing for Whitehall Tech Center
JLL Capital Markets arranged $29.5 million in financing for Whitehall Tech Center, a three-building, industrial business park totaling 279,150 square feet in Charlotte, NC.
JLL represented the borrower, CIP Real Estate, in securing the three-year floating-rate loan through a life insurance company.
Whitehall I and II are multi-tenant, mid-bay industrial real estate buildings totaling 204,900 square feet. Whitehall III is a 74,250-square-foot building projected to break ground in Q2. The buildings will have a combined 493 parking stalls, clear heights from 20 to 28 feet and 57 dock-high doors.
The commercial real estate properties are located on 26.7 acres at 2745, 2915 and 2705 Whitehall Drive in Charlotte’s Southwest industrial submarket. It’s one of the most sought-after and prestigious institutionally owned industrial submarkets in the Carolinas.
The JLL Capital Markets Debt Advisory team representing the borrower included Executive Managing Director Kevin MacKenzie and Senior Directors Peter Thompson and Taylor Alison.
- ◦Financing