JLL Capital Markets arranges $213M refinancing for industrial portfolio

The Facts -

Major Refinancing Secured for Multi-City Industrial Portfolio

On August 3, 2026, JLL Capital Markets made a significant announcement from Dallas, revealing a successful arrangement of $213 million in refinancing for a diverse portfolio. This portfolio comprises eight Class A industrial buildings spread across key markets, including Chicago, Orlando, Philadelphia, Sacramento, and Washington, D.C., totaling an impressive 2.2 million square feet.

The loan was secured by JLL on behalf of the borrower, facilitated through PGIM Real Estate. The cross-collateralized structure of the financing offers both fixed- and floating-rate tranches, providing the borrower with optimal financial flexibility.

This portfolio is notable for its high functionality and institutional-grade assets, boasting an average clear height of 31 feet and an average construction year of 2015. Among the properties included are 17600 Shideler Parkway in Lathrop, California, Bent Oak Industrial Park Buildings 600, 700, and 800 in Orlando, Florida, and 2485 Commerce Center in Bethlehem, Pennsylvania. Additional locations include Manassas Logistics Center Buildings A and B in Bristow, Virginia, and 900 Windham Parkway in Romeoville, Illinois. The properties are impressively 98% leased, with tenants such as PODS, Freeman Expositions, Primark, and US Foods contributing to the occupancy.

The JLL Capital Markets Debt Advisory team, responsible for representing the borrower, was led by Senior Managing Director John Rose. The team also included Vice President Ryan Pollack, Associate Jordan Buck, and Analyst Shishir Reddy. They received additional support from Senior Managing Director Chad Orcutt, Managing Directors Robert Carey and Lucas Borges, and Directors Taylor Gimian and Wells Waller. Their efforts were closely coordinated with Mike Catalano, Campbell Schultz, and Josh Horner from PGIM Real Estate to ensure the smooth facilitation of the financing process.

JLL Capital Markets operates as a comprehensive global provider of capital solutions for real estate investors and occupiers. The team's extensive knowledge of both local markets and global investors enables them to provide superior solutions, ranging from investment sales and advisory to debt advisory, M&A, and corporate finance. Their expertise also spans loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory. With over 3,000 specialists across nearly 50 countries, JLL Capital Markets offers unparalleled service and insight to its clients worldwide.

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