JLL Capital Markets successfully facilitated the sale and acquisition financing for Northwest Indiana Logistics Portfolio, consisting of two multi-tenant industrial facilities situated at 6525 and 6750 Daniel Burnham Dr. in Portage, IN. The specific financial details were not disclosed.
The confidential seller was represented by JLL in the transaction with Sperry Equities as the buyer. In addition to this, JLL also arranged a five-year fixed-rate loan through New York Life Real Estate Investors on behalf of the new owner.
This portfolio comprises two distribution centers that were constructed in the early 2000s and currently have an occupancy rate of 97% with eight tenants. With a combined area of 639,829 square feet, these properties are located within AmeriPlex at The Port – an expansive industrial park spanning over 385 acres.
Leading this deal for JLL’s Investment Sales and Advisory team were John Huguenard (senior managing director) alongside Ed Halaburt and Kurt Sarbaugh (both managing directors). Meanwhile, senior director Brian Walsh spearheaded negotiations for JLL’s Debt Advisory team.
