Senior acquisition financing for three-property industrial portfolio secured in the Carolinas and Georgia
JLL Capital Markets facilitated the financing of the industrial portfolio totaling 1.6 million square feet
HOUSTON, May 16, 2023 – JLL Capital Markets announced today that it has arranged senior acquisition financing for a three-property industrial portfolio totaling 1.6 million square feet in the Carolinas and Georgia.
JLL represented the borrower, Stream Realty Partners, to secure the loan from funds managed by Apollo Global Management, Inc.
The newly delivered assets are 100% leased and situated in three of the top performing industrial submarkets in the Southeast U.S. The industrial portfolio consists of:
· Coastal Commerce Center (1514 Old Dean Forest Rd., Savannah, GA)
· Garner Business Park (1000, 1600 and 2000 Garner Business Park Dr., Garner, NC)
· Velocity II (915 Victor Hill Rd., Greer, SC)
The JLL Capital Markets Debt Advisory team who represented Stream included Colby Mueck, Warren Johnson, Travis Anderson and Jovi Rodriguez.
JLL Capital Markets 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.
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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 106,000 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 Stream Realty Partners
Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,300 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Miami, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit streamrealty.com.