JLL arranges $9.35 million financing for Pennsylvania industrial portfolio

Michael Pagniucci

PHILADELPHIA, PA – JLL Capital Markets announced it has arranged a $9.3 million first mortgage financing for two newly completed and partially leased Class A bulk warehouse distribution facilities totaling 198,721 square feet in the central Pennsylvania community of Elizabethtown. 

 JLL worked on behalf of the borrower, Foxfield Industrial, to place the floating-rate bank loan. Loan proceeds will primarily be used to recapitalize construction costs and provide leverage through stabilization.

 Situated on 20.34 acres, the industrial portfolio is located at 1405 and 1473 Zeager Rd. in Elizabethtown.

The JLL Capital Markets debt placement team was led by Director Michael Pagniucci.

 “The strong lender interest in this financing opportunity is a testament to both the sponsorship involved and the strength of industrial as an asset class,” Pagniucci said.

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 Contact: 

Kimberly Steele,

JLL Senior Associate,

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

 Foxfieldindustrial.com or follow Foxfield on Instagram: @foxfieldindustrial, LinkedIn or Twitter @foxfieldind.