MDH Partners Secures $85M Loan for 12-Property Industrial Portfolio
JLL has arranged $85 million in acquisition financing on behalf of Atlanta, GA-based MDH Partners, LLC, for a 12-building industrial portfolio. JLL placed the five-year, floating-rate, interest-only, non-recourse loan with Truist.
Chris Drew, Maxx Carney Jimmy Calvo, Robert Carey, Brock Yaffe and Eric Boucher with JLL represented the borrow. Mark Hancock with Truist Commercial Real Estate represented Truist.
“The competitive financing process for this portfolio further signifies that despite the recent market disruption, efficiently priced debt capital is readily available for high-quality borrowers and high-quality real estate,” said Carney.
The 814,888-square-foot, last-mile portfolio includes a building on Greers Chapel Road in Kennesaw, GA along with five in CA, four in MD, and two in MN.
The portfolio buildings were constructed between 1977 and 2019. They are fully leased to 20 tenants with an average weighted leasing tenure of 10.5 years, and no tenant comprises more than 22% of the total portfolio’s base rent.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.