JLL Secures $30M Refinancing for Palmetto Industrial Park in Miami
JLL Capital Markets has secured $30 million in refinancing for Palmetto Industrial Park, a six-building portfolio located in Miami.
The loan was arranged by Melissa Rose, Jovi Rodriguez, and Duncan Miller of JLL through an unnamed bank on behalf of the borrower, a joint venture between East Capital Partners and ABR.
- Total area: 183,945 square feet
- Features: 18-foot clear heights, 12 dock-high doors, 101 grade-level doors, and 275 parking spaces
- Leasing status: 94.9 percent leased at the time of loan closing
- Tenant mix: auto repair shops, custom carpentry operations, marble and stone services, logistics companies, medical centers, insurance agencies, and specialized manufacturing facilities
Author's summary: JLL secures $30M refinancing for Palmetto Industrial Park.