**JV Secures $500M Financing for Trio of Westchester Industrial Parks**
JLL Capital Markets has arranged $500 million in financing for the Westchester Industrial Portfolio, a collection of 42 properties totaling approximately 2.4 million square feet across three industrial parks in Westchester County, New York.
The financing was secured on behalf of a joint venture between affiliates of Dune Real Estate Partners LP and the Robert Martin Company. JLL’s team included Senior Managing Directors Peter Rotchford, Christopher Peck, and Andrew Scandalios, Managing Director Tyler Peck, and Director Christopher Pratt. The loan was provided by Starwood Property Trust.
“The financing supports the sponsors’ continued value-creation strategy following their recapitalization of the portfolio in December 2021,” said Rotchford. “These properties have demonstrated remarkable resilience through multiple economic cycles. Combined with Westchester County’s severe supply constraints and premium demographics, we expect continued outperformance for this irreplaceable portfolio.”
The portfolio’s strategic location offers significant advantages, including limited new supply, high barriers to entry, and connectivity to key transportation infrastructure such as Interstates 287 and 87, Route 9A, and the Saw Mill and Sprain Brook Parkways.
