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/PRNewswire/ ScanlanKemperBard (SKB), along with its capital partner, RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of RGA, announced it. ....
As the DJC first reported last month, Portland investor ScanlanKemperBard paid $24 million for the old 7-acre Northwestern Industries glass manufacturing plant in Interbay. SKB s plan is to renovate the three buildings and repurpose them as a multitenant industrial campus. Now JLL Capital Markets has announced that it secured $30.35 million for the acquisition and, apparently, some of the renovation work. The firm s Tom Wilson and Zach Kersten sourced the floating-rate bridge loan what JLL calls a national debt fund. (Public records indicate Bridge Investment Group of Salt Lake City, Utah.) Kersten said in a statement, “We look forward to watching SKB transform this project into a best-in-class facility in a very attractive submarket for tenants.” ....