$87.7M Financing Secured For Seagis Miami-Dade County Industrial Portfolio

JLL Capital Markets worked on behalf of the borrower, Seagis Property Group, to secure an $87.7 million loan for the Miami-Dade County portfolio through a life insurance company.

The Miami-Dade County portfolio consists of seven fully leased industrial properties totalling 787,728 square feet. The assets are strategically located in highly sought-after industrial submarkets with proximity to Miami International Airport and Port Miami. The portfolio has 41 tenants across diverse industries including logistics, food and beverage, retail, e-commerce, packaging, fashion, pharmaceuticals and telecommunications.

The JLL Debt Advisory team was led by Senior Managing Directors Jim Cadranell and Gregory Nalbandian, along with Vice President Michael Lachs.

The team also secured $96.5 million for Seagis’ Northern New Jersey portfolio, which includes six industrial assets totalling 773,433 square feet.

“These portfolios represent institutional-quality industrial product in two of the strongest industrial markets in the country,” said Cadranell. “The high-quality tenant rosters, strategic infill locations and continued robust fundamentals in both regions made this an extremely attractive financing opportunity.”