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. Representing the borrower CIP Real Estate, JLL secured a three-year floating-rate loan through a life insurance company.
Whitehall I and II are multi-tenant mid bay industrial buildings totalling 204,900 square feet while Whitehall III is projected to break ground in Q2 with 74,250 square feet of space featuring 493 parking stalls and clear heights from 20 to 28 feet as well as 57 dock high doors.
The properties are located on 26.7 acres at 2745 2915 and 2705 Whitehall Drive within Charlotte’s Southwest Industrial Submarket – one of the most sought after institutionally owned submarkets across the Carolinas region . The JLL Capital Markets Debt Advisory team representing the borrower included Executive Managing Director Kevin MacKenzie along with Senior Directors Peter Thompson and Taylor Alison .