$252.5M financing secured for a 3.64M SF national industrial portfolio
JLL (NYSE:JLL) has successfully arranged $252.5 million in financing for the Lower Terra Industrial Portfolio, comprising 21 light industrial properties across 17 U.S. markets. The portfolio, owned by Brennan Investment Group and Farallon Capital, spans 3.64 million square feet across 13 states.
The financing package consists of a floating-rate, five-year loan from Apollo affiliates. The portfolio maintains a 98% occupancy rate with 16 diverse tenants and features an impressive average tenant tenure of over 30 years. Notable aspects include several mission-critical facilities with heavy bolt-down investments and four headquarters locations.
According to JLL's Q1 2025 data, new manufacturing leasing activity has shown strong momentum with a 17.4% quarter-over-quarter increase. The portfolio's strategic positioning provides access to labor markets representing approximately 18% of the U.S. workforce.
JLL (NYSE:JLL) ha ottenuto con successo un finanziamento di 252,5 milioni di dollari per il portafoglio industriale Lower Terra, che comprende 21 proprietà industriali leggere distribuite in 17 mercati statunitensi. Il portafoglio, di proprietà di Brennan Investment Group e Farallon Capital, si estende su 3,64 milioni di piedi quadrati in 13 stati.
Il pacchetto di finanziamento consiste in un prestito a tasso variabile della durata di cinque anni da parte di affiliati Apollo. Il portafoglio vanta un tasso di occupazione del 98% con 16 inquilini diversi e presenta una media di permanenza degli inquilini superiore a 30 anni. Tra gli aspetti più rilevanti figurano diverse strutture strategiche con investimenti pesanti per il fissaggio e quattro sedi principali.
Secondo i dati di JLL del primo trimestre 2025, l'attività di locazione nel settore manifatturiero ha mostrato un forte slancio con un aumento del 17,4% trimestre su trimestre. La posizione strategica del portafoglio consente l'accesso a mercati del lavoro che rappresentano circa il 18% della forza lavoro statunitense.
JLL (NYSE:JLL) ha asegurado con éxito un financiamiento de 252,5 millones de dólares para la cartera industrial Lower Terra, que incluye 21 propiedades industriales ligeras en 17 mercados de EE.UU. La cartera, propiedad de Brennan Investment Group y Farallon Capital, abarca 3,64 millones de pies cuadrados en 13 estados.
El paquete de financiamiento consiste en un préstamo a tasa flotante a cinco años de afiliados de Apollo. La cartera mantiene una tasa de ocupación del 98% con 16 inquilinos diversos y cuenta con una impresionante permanencia promedio de inquilinos de más de 30 años. Destacan varias instalaciones críticas con inversiones significativas en anclajes y cuatro sedes principales.
Según los datos de JLL del primer trimestre de 2025, la actividad de arrendamiento en manufactura ha mostrado un fuerte impulso con un aumento del 17,4% trimestre a trimestre. La ubicación estratégica de la cartera ofrece acceso a mercados laborales que representan aproximadamente el 18% de la fuerza laboral de EE.UU.
JLL (NYSE:JLL)은 미국 17개 시장에 걸쳐 21개의 경공업 부동산으로 구성된 Lower Terra 산업 포트폴리오에 대해 2억 5,250만 달러의 자금을 성공적으로 조달했습니다. 이 포트폴리오는 Brennan Investment Group과 Farallon Capital이 소유하며, 13개 주에 걸쳐 364만 평방피트의 규모를 자랑합니다.
이번 금융 패키지는 Apollo 계열사로부터 5년 만기 변동금리 대출로 구성되어 있습니다. 포트폴리오는 16개의 다양한 임차인과 함께 98%의 점유율을 유지하며, 임차인의 평균 임대 기간은 30년 이상에 달합니다. 특히 중요한 시설 몇 곳에는 중대한 고정 투자와 4개의 본사 위치가 포함되어 있습니다.
JLL의 2025년 1분기 데이터에 따르면, 제조업 임대 활동은 전분기 대비 17.4% 증가하는 강한 모멘텀을 보이고 있습니다. 이 포트폴리오의 전략적 위치는 미국 노동력의 약 18%에 해당하는 노동 시장에 접근할 수 있는 이점을 제공합니다.
JLL (NYSE:JLL) a réussi à organiser un financement de 252,5 millions de dollars pour le portefeuille industriel Lower Terra, comprenant 21 propriétés industrielles légères réparties sur 17 marchés américains. Ce portefeuille, détenu par Brennan Investment Group et Farallon Capital, s'étend sur 3,64 millions de pieds carrés dans 13 États.
Le financement comprend un prêt à taux variable sur cinq ans, accordé par des affiliés d'Apollo. Le portefeuille affiche un taux d'occupation de 98% avec 16 locataires diversifiés et présente une durée moyenne d'occupation impressionnante de plus de 30 ans. Parmi les points notables figurent plusieurs installations critiques avec des investissements lourds en ancrages ainsi que quatre sièges sociaux.
Selon les données de JLL du premier trimestre 2025, l'activité de location dans le secteur manufacturier a montré un fort dynamisme avec une augmentation de 17,4% d'un trimestre à l'autre. La position stratégique du portefeuille offre un accès à des marchés du travail représentant environ 18% de la main-d'œuvre américaine.
JLL (NYSE:JLL) hat erfolgreich eine Finanzierung in Höhe von 252,5 Millionen US-Dollar für das Lower Terra Industrial Portfolio arrangiert, das 21 leichte Industrieimmobilien in 17 US-Märkten umfasst. Das Portfolio, im Besitz der Brennan Investment Group und Farallon Capital, erstreckt sich über 3,64 Millionen Quadratfuß in 13 Bundesstaaten.
Das Finanzierungspaket besteht aus einem variabel verzinsten Fünfjahresdarlehen von Apollo-Partnern. Das Portfolio weist eine Belegungsrate von 98% mit 16 unterschiedlichen Mietern auf und zeichnet sich durch eine beeindruckende durchschnittliche Mietdauer von über 30 Jahren aus. Bemerkenswert sind mehrere missionskritische Einrichtungen mit umfangreichen Verankerungsinvestitionen sowie vier Hauptsitzstandorte.
Nach den Daten von JLL für das erste Quartal 2025 zeigt die neue Fertigungsvermietung eine starke Dynamik mit einem quartalsweisen Anstieg von 17,4%. Die strategische Positionierung des Portfolios bietet Zugang zu Arbeitsmärkten, die etwa 18% der US-Arbeitskräfte repräsentieren.
- 98% occupancy rate across the portfolio
- Strong tenant commitment with average tenure exceeding 30 years
- Geographic diversity across 17 top-performing industrial markets
- Access to labor markets representing 18% of U.S. workforce
- 17.4% quarter-over-quarter increase in manufacturing leasing activity
- Portfolio includes four headquarters locations
- Floating-rate loan structure exposes to interest rate risk
Insights
JLL demonstrates strong deal flow with $252.5M industrial portfolio financing, showcasing their capital markets strength amid challenging conditions.
JLL Capital Markets has secured a substantial
The portfolio's
The floating-rate, five-year loan structure from Apollo demonstrates institutional lender confidence in both the sponsors (Brennan Investment Group and Farallon Capital) and the industrial asset class broadly. The manufacturing sector exposure represents a strategic advantage as JLL's own data shows manufacturing leasing activity increased by
This transaction reflects JLL's ability to execute complex, multi-market financing deals amid challenging capital markets conditions. For context, industrial real estate has generally outperformed other commercial sectors in recent years, though rising interest rates have compressed cap rates across all asset classes. JLL's successful arrangement of this financing package demonstrates their continued competitive strength in commercial real estate capital markets services.
JLL led the financing efforts for the Lower Terra Industrial Portfolio located across 17 top-performing industrial markets in the
JLL represented the sponsor, Brennan Investment Group ("BIG") and Farallon Capital, to secure the floating-rate, five-year loan from affiliates of Apollo.
Located across 13 states in the East, West, Central and Southeast regions, the portfolio benefits from strategic positioning in top-performing industrial markets. The portfolio's geographic diversity provides access to labor markets representing approximately
The properties are
The JLL Capital Markets Debt Advisory team was led by Senior Director Lucas Borges, Senior Managing Director Matthew Schoenfeldt and Associate Tara Hagerty.
"This portfolio represented an exceptional opportunity to finance well-maintained, mission-critical industrial facilities with an institutional sponsorship group that brings unrivalled sector expertise," said Borges. "The combination of the portfolio's geographic diversity, long-term tenant base and strategic positioning in markets with strong industrial fundamentals made this an attractive investment opportunity in today's capital markets environment."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group'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 recapitalization. The group 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 Brennan Investment Group
Brennan Investment Group, a
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The company has 18 regional offices throughout
For more information on Brennan Investment Group, go to brennanllc.com.
About Farallon
Farallon Capital Management, L.L.C., is a global investment firm founded in 1986 and registered as an investment advisor with the United States Securities and Exchange Commission since 1990. Farallon seeks investments across asset classes and around the world through a process of bottom-up fundamental research and analysis emphasizing capital preservation. More information on Farallon is available at www.faralloncapital.com.
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
Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
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SOURCE JLL
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