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Secure $29.5 Million Financing for Whitehall Tech Center with JLL Capital Markets

Secure $29.5 Million Financing for Whitehall Tech Center with JLL Capital Markets

JLL Capital Markets arranged $29.5 million in financing for Whitehall Tech Center, a three-building industrial business park totaling 279,150 square feet in Charlotte, NC. The JLL Debt Advisory team represented the borrower CIP Real Estate and secured the three-year floating-rate loan through a life insurance company.
Whitehall I and II are multi-tenant mid bay industrial buildings with 204,900 square feet of space combined while Whitehall III is projected to break ground in Q2 with 74,250 square feet of space along with 493 parking stalls and 57 dock high doors ranging from 20 to 28 foot clear heights.
The properties are located on 26.7 acres at 2745 , 2915 , 2705 Whitehall Drive within Charlotte’s Southwest Industrial Submarket which is one of the most sought after institutionally owned submarkets within Carolinas region . Executive Managing Director Kevin MacKenzie alongside Senior Directors Peter Thompson & Taylor Alison represented borrower during debt advisory process .

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