EagleBridge Capital Arranges $6 Million Financing for Hurley Farms Business Park in Oxford, CT

Hurley Farms Business Park

                   situated on 20 acres on Hurley Farm Road 

                        within 2 miles of Interstate Route 84 

                            and within 6 miles of Route 8 

 

 Oxford, CT -- EagleBridge Capital has arranged permanent mortgage financing in the amount of $6,000,000 for the Hurley Farms Business Park located in Oxford, Connecticut.

 The mortgage financing was arranged by EagleBridge Director Brian Walsh who stated that the loan was provided by a leading regional bank.

Brian Walsh 

 

The Hurley Farms Business Park is composed of nine flex/industrial buildings ranging in size from 12,900 square feet to 21,000 square feet and totaling 134,700 square feet.

 The Park is situated on 20 acres on Hurley Farm Road within 2 miles of Interstate Route 84 and within 6 miles of Route 8. 

 The property is located approximately one mile from the Waterbury-Oxford Airport which has the highest concentration of general aviation usage in Connecticut.

 The buildings are fully leased to a diverse variety of local, regional, national, and international tenants occupying from 2150 square feet to 20,000 square feet of space.

 

 Industries represented include moving, gas transmission, product development, craft brewing, high performance x-ray products, education solutions, lecithin technology, and specialty packaging plus many more.

 EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and r & d buildings, shopping centers, hotels, condominiums and mixed-use properties as well as special purpose buildings.

 EagleBridge Capital is a member of Commercial Real Estate Capital Advisors (CRECA),  a national association of independent commercial mortgage banking firms.

Contact:

 Stanley J. Sidel

Senior Advisor

EagleBridge Capital

One Boston Place,  Suite 2600

Boston, MA 02108

Tel: 617-292-7177  Ext.12

Fax: 617-292-7575

ssidel@eaglebridgecapital.com

www.eaglebridgecapital.com

JLL's Q3 Report: Small to mid-size industrial real estate dominating the leasing market

Craig Meyer

 CHICAGO, IL, Nov. 30, 2021 – The industrial real estate sector continues to break records going into the tail end of 2021. 

The increase in online shopping has become a primary driver of demand for smaller logistics facilities, making the most popular size segment for leasing 10,000 to 49,000 square feet in the third quarter, according to JLL’s Q3 Industrial Report.

Nationally, more than 137.9 million square feet of total industrial product was leased in Q3, a new high for 2021.

“With demand for industrial space showing no signs of slowing down, new inventory will be needed to bring supply and demand closer to equilibrium and negate a future shortage of industrial space,” said Craig Meyer, President, Industrial, JLL.

“As ecommerce grows, now more than ever Logistics and Distribution and 3PL will be at the forefront, especially with the upcoming holiday season and impending impacts from the cargo ships backup logs observed at the close of the quarter.”

More than half of leasing in the U.S this quarter came from users looking for space below the 100,000 square foot threshold.

The surge in ecommerce, labor shortages, and consumer expectations, in terms of speed and delivery of product, have added more pressure than ever to the supply chain and its operations. As a result, industries servicing the supply chain and e-commerce, continue to experience an increase in demand.

In Q3 the Logistics and Distribution and third-party logistics (3PL) industries accounted for 28.3 percent of total leasing volume.

As more and more companies continue to outsource their operations to meet consumer online demand JLL expects these industries to flourish, especially within the 3PL sector.

Leslie Lanne

“In a world of two-hour shipping, consumers have come to expect a specific window for their goods to arrive. said Leslie Lanne, Executive Managing Director, Urban Logistics, JLL.

"The growth in online shopping and the need for fast delivery times is driving demand for urban industrial space unlike ever before.

“Ecommerce will keep driving the need for vertical space, and as a result we’re going to see this new urban logistics asset class spark progressively more developer and investor interest.”

Investors searching for yield identify this space as a growing opportunity segment and are deploying capital toward acquiring scale.

For example, a joint venture formed between Arden Group and Arcapita Group recently announced plans to invest up to $2 billion in acquiring small- and medium-bay multi-tenant warehousing space across major U.S. markets.   

“With the tremendous leasing velocity that we are seeing in every market around the country, buy-side underwriting and investor demand for this segment of the market is stronger than what we currently see within the big-box segment,” added Trent Agnew, Capital Markets Platform Co-Leader for JLL.

Trent Agnew

“The primary driver for this product type is rent growth, as we are seeing renewal rents on smaller spaces routinely push up 30 to 50 percent at expiration, driving significant NOI growth.” 

With construction costs continuing to increase, investor demand for small bay warehouses is expected to continue increasing, which is anticipated to drive further cap rate compression in 2022. Select core markets are seeing class B product trade at a sub-4 cap. 

 Contact:

 

Kimberly Steele

JLL Manager

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Javier Seda-Romero joins JLL’s growing Valuation Advisory practice and will be based in Orlando, FL

Javier Seda-Romero

 

 ORLANDO, FL, Nov. 30, 2021 – JLL’s Valuation Advisory group announced today that Javier Seda-Romero has joined its growing Environmental and Property Condition (EPC) team as a Project Management Director specializing in property condition assessments.

 In his new role, Seda-Romero will expand the capabilities of the EPC team.

He comes to JLL with more than 20 years of experience in architectural and real estate due diligence fields.

 "I am very excited to join JLL’s Valuation Advisory team at this early stage of the EPC team’s growth,” said Seda-Romero. 

Seda-Romero holds certifications from LEED AP in Building Design + Construction and is a HUD Architectural Application Reviewer for the Multifamily Accelerated Process, along with having certification as an Asbestos Inspector and Project Handler.

Jeff Manas

Led by Managing Director Jeff Manas, the EPC service team offers Phase I ESA and Phase II Oversight Management, along with PCAs, zoning reports, seismic studies, ALTA surveys and green evaluations.

 “Consistent with JLL’s strategy of building a veteran team of members who share the same high-quality values and desire for world-class client care, Javier brings a sterling reputation in this industry with over 20 years of subject matter expertise in architectural, engineering and construction services,” Manas said.

For more news, videos and research resources on JLL, please visit our newsroom.

 U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 

 

Contact:

 

Kimberly Steele

JLL Manager

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com