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| Lower Bucks Logistics Hub planned in Bucks County, PA |
PHILADELPHIA, PA – JLL Capital Markets has arranged the $114 million construction financing loan from Mesa West Capital for Lower Bucks Logistics Hub, a to-be-built two property industrial project, totaling 814,567 square feet
JLL represented the borrower, Foxfield LLC.
Mike Pagniucci
The two speculative, state-of-art, Class A
facilities will be located at I-295 with one building on either side of Route
213 in Middletown Township.
The buildings plan to have rear-loading and cross-deck
loading configurations, 40-foot clear heights, six total drive-in doors and
over 800 car and trailer parking spaces.
Given its proximity to the I-95 corridor
and the Pennsylvania Turnpike (I-276), Bucks County is one of the most dynamic,
sought-after suburban markets in the Philadelphia region.
In addition,
the project benefits from multi-directional highway access, a deep labor pool
and low occupancy costs.
Russell Frahm
The property is conveniently located 13.4
miles from the Northeast Philadelphia Airport, 35.6 miles from the Philadelphia
International Airport and 22.4 miles from Tioga Marine Terminal at the Port of
Philadelphia.
The
JLL Capital Markets Debt Advisory team was led by Senior Director Mike
Pagniucci.
After a competitive financing marketing
process, Mesa West Capital provided the non-recourse construction financing,
thanks to the efforts of Executive Director Russell Frahm, Vice
President Brian Hahn and Analyst Boyd Howard.
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers. 
Brian Hahn
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research
resources, please visit JLL’s newsroom.
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CONTACT: |
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Jenna Sharp
JLL,
Public Relations
Dallas,
Texas
M
+1 214 394 3356
