**JLL Secures $9.5M Loan for Snowball Developments’ 555 Nutmeg Road Refinance**
JLL Capital Markets has arranged $9.5 million in permanent financing for Snowball Developments’ refinancing of 555 Nutmeg Road, a fully occupied, 115,800-square-foot industrial facility located in South Windsor, Connecticut. The property lies within the Hartford industrial submarket.
The five-year, fixed-rate loan was secured through a life insurance company by JLL’s Senior Director Max Custer, Director Ryan Carroll, and Analyst Michael Donohoe.
Originally constructed in 1980, the facility offers specialized warehouse features including 14 truck-level loading docks, two drive-in doors, 25-foot clear ceiling heights, and 60-by-25-foot column spacing. It is currently 100% occupied by US Autoforce, one of the largest wholesale tire distributors in the United States, which has maintained tenancy at the property since its inception.
“We are pleased to have assisted Snowball Developments in arranging financing for 555 Nutmeg,” commented Max Custer. “Snowball continues to demonstrate their ability to execute on value-add industrial strategies across the Tri-State region, and as a result, there was no shortage of lender interest on this financing opportunity.”
