Denholtz recaps 685,000 s/f industrial portfolio rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
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JLL Capital Markets a secured $32.75 million in permanent financing for a nine-property industrial portfolio, aggregating 410,000 square feet and located in key industrial submarkets in Northern New Jersey and South Florida.
JLL worked on behalf of the borrower, Seagis Property Group LP, to secure the financing through Nuveen Real Estate.
The portfolio consists of smaller industrial buildings, each less than 100,000 square feet, that are in high demand and well-suited to the local tenant bases. As such, the portfolio is 100% leased overall to 18 diverse tenants. All of the properties are positioned within preferred infill locations in high demand industrial submarkets, including Secaucus/North Bergen and Carteret/Avenel in Northern New Jersey, and Miami-Dade County in South Florida.