Portman Industrial Lands $29M for Taunton Development
Portman Industrial has secured $29 million in construction financing for the first phase of an industrial business park in Taunton, MA. The site, previously home to the Silver City Galleria shopping mall, is set to be transformed into a 1.1 million-square-foot industrial park. BMO Harris Bank provided the construction loan.
The 248,435-square-foot industrial building in the first phase will feature over 38 dock positions, two drive-in doors, 32-foot clear heights, over 270 parking spaces, 29 trailer drops, 3,000 AMPs of power capacity, and ESFR fire suppression. The industrial park is located at the intersection of Route 24 and Route 140.
JLL represented the borrower with a team led bt Jody Thornton, Brett Paulsrud, Ryan Parker and Ari Bogen.
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.