JLL Capital Markets arranges $13 million in acquisition financing for VLIETCO’s $34.81 million purchase of two industrial buildings totaling 170,000 SF in Miami, FL

Melissa Rose

MIAMI, FL – JLL Capital Markets announced has arranged $13 million in acquisition financing for South River Industrial, a recently constructed, two-building multi-tenant industrial park totaling 170,000 square feet in Miami, Florida.

 JLL worked on behalf of the borrower, California-based VLIETCO Enterprises, to place long-term, fixed-rate financing with a life insurance company for its $34.81 million acquisition. 

Cody Brais

The JLL Capital Markets team representing the borrower was led by Managing Director Melissa Rose, Associate Director Cody Brais and Analyst Maddy McMillen.

 “I’m excited to be part of VLIETCO’s first acquisition in Florida,” Rose added. “With surging demand and a plethora of available capital, we are finding investors and lenders flocking to the South Florida market and expect to see these strong market fundamentals continue throughout the rest of the year.”

 

South River Industrial is situated on approximately nine acres at 8200 NW 93rd St. less than five miles from Miami International Airport and within a 15-minute drive of South Florida’s other major demand drivers.

 

 CONTACT:

 

Kimberly Steele

PR, Capital Markets,

 Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com