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| Melissa Rose |
MIAMI, FL, Oct. 3, 2024 – JLL Capital Markets announced today it secured the $32.2 million financing for Aventura Small Bay Portfolio, a 210,219-square-foot shallow bay industrial portfolio in Miami, Florida.
JLL
worked on behalf of the East Capital Partners to secure the floating-rate,
three-year loan for the acquisition of the asset.
The
portfolio consists of seven last-mile buildings situated on 11 acres, boasting
a 100% occupancy rate with 41 active tenants.
Located
at 19501 NE 10th Ave.,
adjacent to I-95 (the main north-south artery in South Florida), the property
benefits from exceptional accessibility, visibility and connectivity.
Jovi Rodriguez
This strategic location provides convenient access to the robust labor and consumer markets of both Miami and Fort Lauderdale, enhancing the portfolio's appeal and potential.
The JLL Debt Placement was led by Senior Managing Director Melissa Rose and Analyst Jovi Rodriguez.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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.
CONTACT
Grace Lewis
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