**TradeLane Properties Secures $64M Refinancing for Midwest Industrial Portfolio**
JLL has secured $64 million in refinancing for TradeLane Properties’ Midwest Light Industrial Portfolio. The portfolio consists of 13 industrial assets totaling 1,072,021 square feet, strategically located in key infill submarkets across Chicago and Cincinnati.
Acting on behalf of TradeLane Properties, JLL arranged a floating-rate, five-year loan through a super-regional bank. The interest rate was fixed through a swap transaction, executed by JLL’s internal hedging and derivatives team, Kensington Capital Advisors.
The JLL Capital Markets team was led by Senior Managing Director Chris Gandy, Senior Director Lucas Borges, and Director Ethan Habecker. Kensington Capital Advisors played a key role in assisting TradeLane with the implementation of the interest rate hedge, designed to manage the borrower’s exposure to floating-rate risk.
The portfolio includes 13 properties across Chicago’s industrial submarkets and one property in the Tri-County submarket of Cincinnati. All properties are fully leased to a diverse group of 17 tenants operating in sectors such as automotive, food, manufacturing, distribution, e-commerce, and pharmaceuticals.
