$820MM financing arranged for 6.1MM SF industrial portfolio spanning six states
JLL (JLL) arranged an $820 million floating-rate, single-asset single-borrower refinancing for a 42-property shallow-bay industrial portfolio totaling 6.1 million square feet across six states on Oct 20, 2025.
The loan was led by Wells Fargo with portions originated by J.P. Morgan and Goldman Sachs. The portfolio is 91% leased to over 950 tenants, averages 145,925 SF per property, and has average clear heights of 19 feet and ~33% office finish.
JLL (JLL) ha predisposto un refinanziamento a tasso variabile, single-asset e single-borrower per 820 milioni di dollari per un portafoglio industriale shallow-bay di 42 proprietà, totalizzando 6,1 milioni di piedi quadrati distribuiti in sei stati, il 20 ottobre 2025.
Il prestito è stato guidato da Wells Fargo con porzioni originate da J.P. Morgan e Goldman Sachs. Il portafoglio è 91% locato a oltre 950 inquilini, in media 145.925 SF per proprietà, e presenta altezze libere medie di 19 piedi e circa 33% finitura uffici.
JLL (JLL) organizó un refinanciamiento a tasa variable, de único activo, prestatario único, por $820 millones para un portafolio industrial shallow-bay de 42 propiedades que totaliza 6,1 millones de pies cuadrados en seis estados, el 20 de octubre de 2025.
El préstamo fue liderado por Wells Fargo con porciones originadas por J.P. Morgan y Goldman Sachs. El portafolio está 91% arrendado a más de 950 inquilinos, promedia 145,925 SF por propiedad y tiene alturas claras medias de 19 pies y aproximadamente 33% acabado de oficinas.
JLL (JLL)은 2025년 10월 20일, 6.1백만 제곱피트에 이르는 6개 주에 걸친 42개 자산의 shallow-bay 산업 포트폴리오를 대상으로 단일 자산·단일 차주의 변동금리 재융자를 $820백만 규모로 주선했습니다.
대출은 Wells Fargo가 주도하고 일부는 J.P. Morgan과 Goldman Sachs가 기원했습니다. 포트폴리오는 91%가 임대되었고, 950명 이상의 임차인에게 임대되며, 부동산당 평균 145,925 SF, 평균 순공간 높이는 19피트, 약 33%의 오피스 마감을 보유합니다.
JLL (JLL) a arrangé un refinancement à taux variable, à actif unique, emprunteur unique, d’un montant de 820 millions de dollars pour un portefeuille industriel shallow-bay de 42 propriétés totalisant 6,1 millions de pieds carrés répartis sur six États, le 20 octobre 2025.
Le prêt a été dirigé par Wells Fargo avec des portions originées par J.P. Morgan et Goldman Sachs. Le portefeuille est à 91% loué à plus de 950 locataires, en moyenne 145 925 SF par propriété, et présente des hauteurs libres moyennes de 19 pieds et environ 33% finition bureaux.
JLL (JLL) arrangierte am 20. Oktober 2025 eine Floating-Rate-Refinanzierung über $820 Millionen für ein 42-Objekte umfassendes shallow-bay Industrie-Portfolio, Gesamtsumme 6,1 Millionen Quadratfuß über sechs Bundesstaaten, aufgeteilt auf ein Asset und einen Kreditnehmer.
Der Kredit wurde von Wells Fargo geführt, mit Anteilen von J.P. Morgan und Goldman Sachs. Das Portfolio ist zu 91% vermietet an über 950 Mieter, durchschnittlich 145.925 SF pro Objekt, und weist durchschnittliche freie Höhen von 19 Fuß sowie etwa 33% Büroausbau auf.
JLL (JLL) رَتّبت تمويل إعادة تمويل بفائدة متغيرة بقيمة $820 مليون لعقار واحد، مُقترض واحد، لـ< b>محفظة صناعية من 42 عقاراً بتبلغ مساحتها الإجمالية 6.1 مليون قدم مربع عبر ست ولايات في 20 أكتوبر 2025.
قيادة القرض من Wells Fargo مع أجزاء أُنشئت بواسطة J.P. Morgan و Goldman Sachs. المحفظة مؤجرة بنسبة 91% لأكثر من 950 مستأجر، بمعدل 145,925 SF لكل عقار، وبارتفاعات صافية متوسطة قدرها 19 قدمًا ونحو 33% تشطيب مكتبي.
JLL (JLL) 安排了一笔 $820 million 的浮息、单一资产、单一借款人再融资，针对一个共有 42 处房产、总面积达到 6.1 百万平方英尺 的 shallow-bay 工业投资组合，覆盖六个州，日期为 2025 年 10 月 20 日。
该贷款由 Wells Fargo 主导，部分由 J.P. Morgan 和 Goldman Sachs 发起。该投资组合的租赁率为 91%，租给超过 950 名租户，每处平均面积为 145,925 SF，平均净高度为 19 英尺，大约 33% 的办公装修。
- $820M refinancing arranged by JLL
- Portfolio totals 6.1M SF across 42 properties
- Portfolio 91% leased to >950 tenants
- None.
Insights
JLL arranged an $820 million floating-rate SASB refinancing for a 6.1M SF, 42-property industrial portfolio that is 91% leased as of
The financing demonstrates market access for large, geographically diversified industrial holdings and confirms lender interest in shallow-bay logistics assets. The loan is described as a floating-rate, single-asset single-borrower facility led by Wells Fargo with portions originated by J.P. Morgan and Goldman Sachs, and covers a portfolio totaling
Key dependencies and risk sensitivities are clear from the disclosed facts: the facility is floating-rate, which ties debt service to market rates; the borrower is a joint venture between affiliates of CIP Real Estate LLC and Almanac Realty Investors; and asset-level performance underpins the placement. Watch the portfolio’s leasing and tenant diversification trends and any public disclosures of the loan’s covenant structure or reset/maturity dates for changes to funding cost and liquidity over the medium term. Relevant reference points in the release include the transaction date
JLL's Capital Markets group secured refinancing for CIP Real Estate and Almanac Realty Investors' diversified portfolio of 42 shallow bay industrial properties
JLL represented the borrower, a joint venture between affiliates of CIP Real Estate LLC and Almanac Realty Investors, to secure a floating-rate, single-asset single-borrower (SASB) refinancing led by Wells Fargo, with J.P. Morgan and Goldman Sachs also originating portions of the loan.
The portfolio spans six major industrial markets including
The properties feature average clear heights of 19 feet, an average office finish of approximately
"This refinancing represents a significant milestone for our partnership with Almanac and demonstrates the strength of our diversified industrial portfolio," said Eric Smyth, CEO of CIP Real Estate. "We appreciate JLL's expertise in securing competitive terms that provide us with enhanced flexibility to continue our growth strategy in the shallow bay industrial sector, where we see tremendous opportunity to serve the evolving needs of logistics, e-commerce and distribution tenants."
The JLL Debt Advisory team was led by Capital Markets President Kevin MacKenzie, Senior Director Peter Thompson, Director Christopher Pratt, Associates Kyle White and Anthony Scaglione and Analyst Nick Englhard, with additional support from investment sales teams in local markets.
"Strong sponsorship and strategic execution drove exceptional results on this significant financing," said MacKenzie. "The proven CIP-Almanac partnership including operational performance at the asset level, combined with JLL's expertise in large loan placements and deep lender relationships, enabled us to structure competitive terms across this geographically diverse shallow bay portfolio."
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 a 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 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
About CIP Real Estate
CIP Real Estate LLC is a full-service real estate investment company focused on the acquisition, repositioning, re-branding, and management of industrial assets throughout West Coast, Southeast and
About Almanac Realty Investors
Almanac Realty Investors, a business unit of Neuberger Berman, is a leading provider of growth capital to private and public real estate companies. Originally founded in 1981 under the name Rothschild Realty, Almanac Realty Investors partners with established owner-operators in all sectors of the real estate market to accelerate company growth and has committed more than
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
About Goldman Sachs
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in
Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
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SOURCE JLL
FAQ
What refinancing did JLL arrange for the CIP-Almanac portfolio on Oct 20, 2025 (JLL)?
Which lenders led and originated the $820M loan for the 6.1M SF portfolio?
How large and how leased is the industrial portfolio refinanced on Oct 20, 2025?
Which markets are included in the 42-property shallow bay industrial portfolio?
What are the average property and asset characteristics of the refinanced portfolio?
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