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| Reina Abboud |
CHARLOTTE, Oct. 16, 2024 – JLL Capital Markets has arranged $34 million in construction financing for the development of Whitepine Logistics Center, a three-building Class A industrial project located in Richmond, Virginia.
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| Taylor Allison, |
JLL worked on behalf of a joint venture between Mixson Properties, Frampton Strategy Group and Singerman Real Estate to secure the financing through Texas Capital.
The project, totaling 498,000 square feet, will feature
front-parked, rear-loaded tilt wall construction shells with 32-foot clear heights,
designed to accommodate multi-tenant configurations. The joint venture closed
the loan with a shovel-ready site, marking an impressive start to the project.
Located at 8800 Whitepine Road, the logistics center is
strategically positioned in the southwest submarket of Richmond, Virginia.
Jovi Rodriguez.
The JLL Debt Advisory team was led by Managing Director Taylor
Allison, Senior Director Reina Abboud and Analyst Jovi Rodriguez.
JLL's local Richmond team, comprised of Managing Directors Muscoe Garnett
and Jake Servinsky and Senior Vice President Adam Lawson, will
spearhead the leasing efforts for the project.
“Whitepine Logistics Center's delivery is strategically
timed to coincide with a period of compressed supply and strong demand in the
Richmond market,” said Allison.
Muscoe Garnett
“We anticipate that this state-of-the-art industrial hub
will attract a diverse range of businesses seeking to establish or expand their
presence in the Richmond area.”
CONTACT:
Grace Lewis
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