**Apollo Provides $252M Loan for 3.6M-SF Light Industrial Portfolio**
JLL’s Capital Markets group has successfully arranged $252.5 million in financing for the Lower Terra Industrial Portfolio. The portfolio comprises 21 light industrial, mission-critical properties totaling 3.64 million square feet across 17 markets.
The JLL team, including Senior Director Lucas Borges, Senior Managing Director Matthew Schoenfeldt, and Associate Tara Hagerty, represented Brennan Investment Group and Farallon Capital in securing the floating-rate, five-year loan. The financing was provided by affiliates of Apollo.
Spanning 13 states across the East, West, Central, and Southeast regions, the properties are currently 98% occupied. The portfolio hosts 16 tenants operating in a range of industries that reflect major sectors of the U.S. economy. JLL noted that the portfolio’s connection to the manufacturing sector offers Brennan Investment Group a strong position to benefit from pent-up leasing demand as lease terms expire.
“The combination of the portfolio’s geographic diversity, long-term tenant base, and strategic positioning in markets with strong industrial fundamentals made this an attractive investment opportunity in today’s capital markets environment,” said Lucas Borges.
