JLL Capital Markets has arranged $122 million in financing for a 13-property industrial portfolio spanning over 1.1 million square feet in Northern New Jersey, New York City, and South Florida.
The portfolio, owned by Seagis Property Group LP, includes assets in locations such as the Meadowlands, Outer Boroughs, Central New Jersey, and South Florida markets. The properties were constructed between 1973 and 2021, with a focus on Eastern Seaboard submarkets.
The JLL Capital Markets Debt Advisory team was led by senior managing directors Jim Cadranell and Gregory Nalbandian, vice president Michael Lachs and associate Jimmy Calvo. The loan has a five-year, fixed-rate term and was provided by a correspondent lender of JLL NJ.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.