JLL Capital Markets has arranged $176 million in permanent financing for Seagis Property Group LP to refinance a six-property industrial portfolio in New Jersey and Florida.
The four New Jersey properties are located in Carlstadt, Lyndhurst, Carteret and North Brunswick.
Two are situated in Doral, part of Miami-Dade County’s Airport West Submarket.
The 1.22 million square foot portfolio, which is 96% occupied, includes strategically located warehouse facilities in key logistics markets, according to a statement by JLL on Monday.
The properties feature 16- to 25-foot clear ceiling heights, ample loading docks, and easy access to major transportation infrastructure including ports, airports and key highway networks in these premier logistics markets.
The financing package consists of an eight-year, fixed-rate loan through Nationwide.
The package was secured by JLL’s Debt Advisory team, Senior Managing Directors Jim Cadranell and Gregory Nalbandian, along with Vice President Michael Lachs and Analyst Kevin Badger.