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 of the transaction were not disclosed.
The confidential seller was represented by JLL in the sale to Sperry Equities. Additionally, on behalf of the new owner, JLL arranged a five-year fixed-rate loan through New York Life Real Estate Investors.
This portfolio comprises two distribution centers constructed in the early 2000s with an impressive occupancy rate of 97%, housing eight tenants collectively. Spanning over a total area of 639,829 square feet, these facilities are located within AmeriPlex at The Port – an expansive industrial park spanning across 385 acres.
Leading this deal were John Huguenard (Senior Managing Director and Industrial Co-Leader), Ed Halaburt (Managing Director), Kurt Sarbaugh (Managing Director) from JLL’s Investment Sales and Advisory team; while Brian Walsh (Senior Director) headed up negotiations as part of JLL’s Debt Advisory team.
