JLL Capital Markets arranges $114 million construction financing loan from Mesa West Capital for Lower Bucks Logistics Hub planned in Bucks County, PA

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

Mike Pagniucci

JLL represented the borrower, Foxfield LLC.

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.

Russell Frahm

In addition, the project benefits from multi-directional highway access, a deep labor pool and low occupancy costs.

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.

 

Brian Hahn 

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.

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CONTACT:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com