Part of a four-building, $27.8 million financed portfolio across the Greater Boston MSA |
BOSTON, MA – JLL Capital Markets has secured $27.8 million in financing for a four-building portfolio totaling over 300,000 square feet across the Greater Boston MSA.
JLL represented NorthBridge Partners and arranged
non-recourse acquisition financing through Bristol County Savings Bank.Tim Chaves
The portfolio is 100% leased and comprises a variety of single tenant warehouse, distribution and manufacturing buildings.
The four properties are located in well established, master-planned industrial parks and feature high-quality infrastructure with ample loading docks and power capacity, abundant parking and efficient layouts.
The JLL Capital Markets Debt Advisory team was led by Managing Director Andrew Gray and Director Ryan Parker.
“There was considerable interest from local banks and life insurance companies for financing this infill portfolio of high-quality industrial assets with best-in-class sponsorship.
"The lender really distinguished itself with a
strong five-year, fixed rate deal and provided flexibility for release
provisions to align with the borrower’s business plan across the Portfolio,”
stated Gray.
“The NorthBridge team did a tremendous job sourcing the
portfolio as three separate acquisitions and we are glad our team was able to
create a new local bank relationship for them on this attractive buy,” Parker
added.
Mike Patacao |
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.
Kevin McCarthy, |
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Grace Lewis
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Capital Markets
JLL
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+1 903 520 3478
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