JLL Capital Markets arranged $100 million in financing for nine industrial warehouse properties, totaling 824,546 square feet, in the South Florida market. The loan is interest-only for the full seven-year term.
JLL represented the borrower, Seagis Property Group LP, and secured the loan from Nationwide.
The portfolio is 99 percent occupied in the South Florida Industrial Market. The properties are located at the following addresses:
- Lakeway Corporate Center – 5800, 5810, 5850 & 5900 Miami Lakes Dr.
- 3450 NW 115th Ave.
- Commerce Park – 3100 NW 74th Ave.
- Miami Gardens Industrial Center – 150 NW 176th St.
- Deerwood Commerce Center – 11921 SW 144th St. and 14250, 14301, 14377 SW 119th Ave.
- Flamingo Park of Commerce – 12064, 11092-11926 and 11824-11846, 12004, 9600, 12006, 11930 Miramar Pkwy.
- University Park of Commerce – 6535, 6555, 6545 Nova Dr.
The JLL Capital Markets team was led by Senior Managing Directors Jim Cadranell and Gregory Nalbandian, Vice President Michael Lachs and Associate Jimmy Calvo.
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