Seagis Secures $102M In Financing For Class A Industrial Portfolio
The portfolio totals 495,674 square feet.
The portfolio totals 495,674 square feet.
Situated on 15 acres, the facility offers a 30-foot clear height, 29 loading docks, 236 parking spaces and 116,000 square feet of freezer space.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Paul Stasaitis and Associate Maddy McMillen.
He will oversee daily brokerage operations, including recruiting, hiring, training and developing agents and staff.
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
The 347,740-square-foot grocery-anchored retail center is situated on over 18 acres and boasts an impressive leasing rate of 98.3%.
JLL represented the seller, Continental Realty Corporation. An affiliate of JBL Asset Management acquired the asset.
The warehouses total 102,038 square feet.
The acquisitions total $15.5 million.
Located at Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 square feet of Class A office space and 32,000 square feet of prime ground-floor retail. The building is more than 90% leased.
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