The fully leased 5.5M SF
industrial portfolio spans four states
MIAMI, Dec. 18,
2024 /PRNewswire/ -- JLL's Capital Markets group
announced today that it has arranged $357.8
million in acquisition financing for MDH F3 Arctic
Portfolio, a 5.5-million-square-foot, 100% leased industrial
portfolio located in South
Carolina, Pennsylvania,
Illinois and Texas.
JLL represented the borrower, MDH Partners, to secure the loan
through Wells Fargo Bank, N.A. and Capital One, N.A. via a balance
sheet execution.
The portfolio includes eight assets across 12 state-of-the-art
buildings, ranging from 140,300 to 1,034,200 square feet, with an
average clear height of 34 feet. The properties feature ample dock
doors, trailer parking and car parking to accommodate high-volume
distribution operations. Tenants are all strongly credit-rated,
national household brands, and represent a diverse mix of
industries including automotive, e-commerce, food and beverage and
home goods.
The portfolio spans key metros including Houston, Texas; Austin, Texas; Chicago, Illinois; Greenville, South Carolina; and Middletown, Pennsylvania. These locations
offer superior connectivity to major transportation networks and
dense population centers, enhancing the portfolio's strategic value
for tenants engaged in regional and national distribution.
The JLL Debt Advisory team was led by Senior Managing Directors
Chris Drew, Michael Cosby and Ryan
Ade, Managing Director Brian
Gaswirth, Director Jimmy
Calvo and Analyst Nicole
Barba. Nathan Balmes and
Michael Loffredo led the debt
execution on MDH's team.
"This financing represents a significant milestone for MDH
Partners as they continue to expand their industrial footprint
across high-growth markets," said Drew. "The institutional
sponsorship, strong tenant roster, strategic locations and quality
of the assets made this an attractive opportunity for lenders in
today's capital markets environment."
"The Arctic Portfolio was compiled through five individual
acquisitions between August and October, collectively marking the
beginning of the investment of MDH Fund 3," said Nathan Balmes of MDH Partners. "JLL has once
again facilitated a seamless execution aligning our debt strategy
with our portfolio investment strategy, and we are excited to
expand our relationship with Wells Fargo and Capital One. We expect
to remain active in acquiring and developing in 2025, targeting
high-quality industrial assets in dynamic
markets."
JLL's Capital Markets group is a full-service global provider of
capital solutions for real estate investors and occupiers. The
firm's in-depth local market and global investor knowledge delivers
the best-in-class solutions for clients — whether investment sales
and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide
with offices in nearly 50 countries.
For more news, videos and research resources, please visit
JLL's newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with
annual revenue of $20.8 billion and
operations in over 80 countries around the world, our more than
111,000 employees bring the power of a global platform combined
with local expertise. Driven by our purpose to shape the future of
real estate for a better world, we help our clients, people and
communities SEE A BRIGHTER WAYSM. JLL is the brand name,
and a registered trademark, of Jones Lang LaSalle Incorporated. For
further information, visit jll.com.
About MDH Partners
MDH Partners is an Atlanta-based real estate investment company
managing its discretionary funds targeting industrial real estate
across the United States on behalf
of its institutional investors. Founded in 2005 as the successor to
a fifty-year-old local real estate development company, MDH
Partners has led and/or participated in over $7 billion (90 million square feet) of
acquisitions, developments, and asset management as an advisor and
investor. For more information,
visit www.mdhpartners.com.
Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
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SOURCE JLL
