JLL Capital Markets recently obtained $27.8 million in financing for a collection of four industrial buildings totaling over 300,000 square feet in the Greater Boston MSA. Led by managing director Andrew Gray and director Ryan Parker, our team represented NorthBridge Partners and arranged non-recourse acquisition funding through Bristol County Savings Bank.
According to Gray, there was significant interest from local banks and life insurance companies for financing this prime portfolio of top-notch industrial properties with exceptional sponsorship. The lender stood out by offering a strong five-year fixed rate deal and allowing flexibility with release provisions to align with the borrower’s business plan across all four properties.
The fully leased portfolio consists of various single tenant warehouse, distribution, and manufacturing buildings located within established master-planned industrial parks. These properties boast high-quality infrastructure including ample loading docks and power capacity as well as abundant parking spaces and efficient layouts.
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