JLL Secures Major Financing for Expansive Industrial Portfolio

JLL Announces $357.8 Million Acquisition Financing

JLL's Capital Markets group has successfully arranged a substantial $357.8 million financing for an extensive industrial portfolio. This impressive portfolio encompasses a total of 5.5 million square feet across multiple states, all of which are fully leased.

Details of the Industrial Portfolio

The industrial portfolio consists of eight properties spread across twelve modern buildings. These buildings vary in size from 140,300 square feet to a massive 1,034,200 square feet, with an average height of 34 feet. Each property is equipped with numerous dock doors and ample parking for both trailers and cars, making them ideal for high-volume distribution.

Tenant Information

Tenants within the portfolio include well-known national brands with strong credit ratings, showcasing a diverse array of industries such as automotive, e-commerce, food and beverage, and home goods. This diversity helps to enhance the stability of the portfolio.

Strategic Locations for Optimal Operations

This portfolio features properties in key metropolitan areas that provide excellent connectivity to significant transportation networks. Major locations include Houston, Austin, Chicago, Greenville, and Middletown. Such strategic positioning greatly increases the portfolio’s appeal to tenants focused on regional and national distribution.

Expert Team Behind the Financing

The financing was facilitated by JLL's skilled Debt Advisory team, led by Senior Managing Directors Chris Drew, Michael Cosby, and Ryan Ade, along with other key team members who played an essential role in securing this financing through Wells Fargo Bank, N.A. and Capital One, N.A.

Impact of the Financing on MDH Partners

This financing is a significant achievement for MDH Partners as they expand their industrial presence in high-growth areas. Drew noted that the combination of strong institutional support, a robust roster of tenants, and key locations made the portfolio an attractive opportunity for lenders.

Future Expansion Plans

MDH Partners is looking forward to the continued growth of its operations, having acquired the Arctic Portfolio through five separate acquisitions. Nathan Balmes from MDH Partners expressed excitement about continuing their relationship with their lenders and remaining active in acquiring new properties in the future.

About JLL

JLL offers a wide range of capital solutions for real estate investors and users around the world. With a vast network of over 3,000 Capital Markets specialists, JLL delivers superior solutions in investment sales, advisory, and debt management, among other services. The firm has a global presence in nearly 50 countries, allowing it to leverage local market knowledge for its clients' benefit.

About MDH Partners

Founded in 2005, MDH Partners has established itself as a prominent real estate investment firm focused on industrial properties across the United States. With a track record of over $7 billion in transactions, MDH Partners prides itself on its extensive experience and commitment to delivering high-quality investments.

Contact Information

For further inquiries, please reach out to Grace Lewis at JLL.

Frequently Asked Questions

What is the total amount of financing secured by JLL?

JLL has arranged a total of $357.8 million in acquisition financing.

Which company is represented by JLL in this financing?

JLL represented MDH Partners in securing this financing for their industrial portfolio.

What types of industries are tenants of the portfolio?

The tenants include national brands from various sectors, including automotive, e-commerce, food and beverage, and home goods.

In how many states is the industrial portfolio located?

The industrial portfolio spans multiple states across the United States.

What is JLL's role in the real estate market?

JLL is a leading global provider of capital solutions and services for investors and occupiers in the real estate market.

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