East Capital Partners, ABR Secure $30 Million In Financing For Palmetto Industrial Park

JLL Capital Markets arranged a $30 million refinancing for Palmetto Industrial Park, a six-building shallow bay industrial portfolio totaling 183,945 square feet in Miami’s Airport submarket.

JLL worked on behalf of a joint venture between East Capital Partners and ABR to secure a fixed-rate, three-year loan through a bank execution.

The portfolio, located at 6801-7500 NW 77th Ave., consists of six buildings constructed between 1981 and 1982 on 7.66 acres. The front-loading industrial complex features 18-foot clear heights, 12 dock-high doors, 101 grade-level doors and 275 parking spaces.

Palmetto Industrial Park sits strategically near the intersection of State Road 934 and the Palmetto Expressway, providing direct access to Miami International Airport, downtown Miami and key residential and employment centers. The property benefits from high-visibility frontage along the heavily trafficked Palmetto Expressway, which sees 267,000 vehicles per day.

The portfolio currently maintains 94.9 percent occupancy across 143 tenants. The tenant mix reflects the hyperlocal and regional nature of shallow bay industrial users, with businesses such as auto repair shops, custom carpentry operations, marble and stone services, logistics companies, medical centers, insurance agencies and specialized manufacturing facilities.

The JLL Capital Markets team was led by Senior Managing Director Melissa Rose, along with Analysts Jovi Rodriguez and Duncan Miller.