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| Part of a three-property industrial portfolio in Texas, California and Arizona |
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| Eric Tupler |
JLL represented Sagard Real Estate and secured the four-year, full-term interest-only, fixed-rate loan through a national correspondent life insurance company at an all-in note rate of 6.12%.
The first property is located at 2230 Ave J in
Arlington, Texas. The 11.42-acre
site consists of 131,040 square feet of Class A distribution product across one
building in Dallas Fort Worth’s Upper Great Southwest submarket.
The property was constructed in 1992 and renovated in 2012. It features
26-foot clear ceiling heights, 28 dock doors and 233 parking spaces.
Kristian Lichtenfels
The second property is located at 6650 Top Gun St. in San Diego. It is a 121,496-square-foot warehouse building in the Sorrento Mesa submarket of San Diego.
The reinforced concrete
tilt-up property was constructed in 1993, renovated in 2018 and features
24-foot clear ceiling heights, with 16 dock doors, one grade level door and 200
parking spaces.
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| Chris Collins |
The third property
in the portfolio is located at 824 E University Dr. in Phoenix. It is
a 77,642-square-foot building in the Airport submarket. The reinforced concrete
tilt-up property was constructed in 1989 and features 24-foot clear ceiling
heights, five dock doors, two grade level doors and 80 parking spaces.
The warehouse property is
ideally located in South Phoenix adjacent to the interchange of I-17 and 7th
Street, providing direct access to Downtown Phoenix and Phoenix Sky Harbor
International Airport.
Will Mogk
The JLL Capital Markets team was led by Executive Managing Director Eric Tupler, Managing Director Kristian Lichtenfels, Senior Directors Chris Collins and Will Mogk and Director Jarrod Howard.
“We are extremely pleased with the process and result on
this transaction run by the JLL team in Denver headed up by Eric Tupler,” said Tom
Karbowski, Managing Director, Sagard. “They were particularly helpful in
assisting in navigating through some intricacies associated with the properties
in this portfolio.”
JLL Capital Markets is a full-service global provider of
capital solutions for real estate investors and occupiers.
Jarrod Howard
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