JLL Capital Markets secures $122 million financing for a 13-property industrial portfolio spanning over 1.1 million square feet in Northern New Jersey, New York City, and South Florida. The portfolio is owned by Seagis Property Group LP and includes assets in prime locations such as the Meadowlands, Outer Boroughs, Central New Jersey, and South Florida markets. These properties were built between 1973 to present with a focus on Eastern Seaboard submarkets.
The JLL Capital Markets Debt Advisory team led this transaction with senior managing directors Jim Cadranell and Gregory Nalbandian at the helm along with vice president Michael Lachs and associate Jimmy Calvo. The loan has a fixed-rate term of five years provided by one of JLL NJ’s correspondent lenders.
This significant financing deal marks another success for JLL Capital Markets’ expertise in securing funding for large-scale industrial portfolios across multiple regions within the United States.
