JLL Capital Markets arranges $9 million financing on six industrial properties in Minneapolis, MN for Buligo Capital Partners

 

Britta Lund

 MINNEAPOLIS, MN – JLL Capital Markets has arranged $9.37 million in acquisition financing for six industrial buildings totaling 191,986 square feet in Minneapolis, Minnesota.

 

JLL worked on behalf of the borrower, Buligo Capital Partners, to secure the five-year, fixed-rate loan through Justin Adducci of North American Banking Company.

 

 Loan proceeds for future funding were also committed by the bank.

 

 Trent Niederberger

The buildings are fully occupied by a variety of tenants, including StreetFactory Media, Children’s Theatre, CenturyLink, Brownstone Distributing, Guthrie Theater and more.

 

Occupying a full city block, the properties are located at the intersection of East Hennepin Avenue and Harrison Street Northeast.

 

The buildings are a five-minute drive from downtown Minneapolis, 12 minutes from downtown St. Paul and 15 minutes from the Minneapolis-St. Paul International Airport.

 

 The portfolio is positioned to service 21,122 businesses and 477,365 residents within a five-mile radius. In addition, the properties are near Interstates 35W and 94, connecting them with the greater Minneapolis-St. Paul region.

Justin Adducci 

The JLL Capital Markets team representing the borrower was led by Managing Director Trent Niederberger and Director Britta Lund.

 

“Demand remains strong for infill industrial buildings with outdoor storage, and we were able to really lean into this great value-add asset to source an exemplary financing solution for Buligo’s first acquisition in the Twin Cities market,” said Lund.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

           PENDING SALE: Six industrial buildings 

                  totaling 191,986 square feet 

                       in Minneapolis, MN

 

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.

 

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 CONTACT:

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com