$577.625M SASB financing secured for LBA Logistics Value Fund VII Industrial Portfolio
JLL's Capital Markets group has successfully arranged a $577.625 million CMBS single-borrower (SASB) financing for LBA Logistics Value Fund VII Industrial Portfolio. The portfolio consists of 25 industrial properties across 10 states, totaling 7,040,030 square feet. JLL secured a floating-rate loan for a five-year term through a syndicate led by J.P. Morgan, with Bank of America and Wells Fargo as joint bookrunners. The final pricing was approximately 195 bps over SOFR.
The portfolio boasts a 100% occupancy rate with a diverse tenant mix across various industries. Located in highly desirable markets nationwide, the properties benefit from strong demographics, with a weighted average population of 1.0 million within a 30-minute radius and 2.9 million within a 60-minute radius of each asset.
Il gruppo Capital Markets di JLL ha organizzato con successo un finanziamento CMBS per un singolo prestatore di 577,625 milioni di dollari per il portafoglio industriale LBA Logistics Value Fund VII. Il portafoglio è composto da 25 proprietà industriali distribuite in 10 stati, per un totale di 7.040.030 piedi quadrati. JLL ha ottenuto un prestito a tasso variabile per un termine di cinque anni attraverso un sindacato guidato da J.P. Morgan, con Bank of America e Wells Fargo come co-bookrunner. Il prezzo finale è stato di circa 195 bps sopra SOFR.
Il portafoglio vanta un tasso di occupazione del 100% con un mix diversificato di inquilini provenienti da vari settori. Situate in mercati altamente desiderabili a livello nazionale, le proprietà beneficiano di una forte demografia, con una popolazione media ponderata di 1,0 milioni entro un raggio di 30 minuti e di 2,9 milioni entro un raggio di 60 minuti da ciascun bene.
El grupo de Mercados de Capital de JLL ha organizado con éxito un financiamiento CMBS para un solo prestatario de 577.625 millones de dólares para el Portafolio Industrial LBA Logistics Value Fund VII. El portafolio consta de 25 propiedades industriales en 10 estados, totalizando 7.040.030 pies cuadrados. JLL aseguró un préstamo a tasa variable por un plazo de cinco años a través de un sindicato liderado por J.P. Morgan, con Bank of America y Wells Fargo como co-líderes de emisión. El precio final fue de aproximadamente 195 puntos básicos sobre SOFR.
El portafolio cuenta con un tasa de ocupación del 100% y una mezcla diversa de inquilinos en varias industrias. Ubicadas en mercados muy deseables en todo el país, las propiedades se benefician de una fuerte demografía, con una población promedio ponderada de 1,0 millones dentro de un radio de 30 minutos y de 2,9 millones dentro de un radio de 60 minutos de cada activo.
JLL의 자본 시장 그룹은 LBA 물류 가치 기금 VII 산업 포트폴리오에 대해 5억 7,762만 5,000 달러의 단일 차입자(CMBS) 자금을 성공적으로 마련했습니다. 이 포트폴리오는 10개 주에 걸쳐 25개의 산업용 부동산으로 구성되어 있으며, 총 면적은 7,040,030 평방피트입니다. JLL은 JP 모건이 이끄는 신디케이트를 통해 5년 기간의 변동 금리 대출을 확보했으며, 뱅크 오브 아메리카와 웰스 파고가 공동 북런너로 참여했습니다. 최종 가격은 대략 SOFR 대비 195bps였습니다.
이 포트폴리오는 다양한 산업의 세입자들이 공존하는 100% 점유율을 자랑합니다. 전국적으로 매우 바람직한 시장에 위치한 이 자산들은 30분 반경 내 100만, 60분 반경 내 290만의 평균 인구라는 강력한 인구 통계적 이점을 누리고 있습니다.
Le groupe des Marchés de Capitaux de JLL a réussi à organiser un financement CMBS pour un emprunteur unique de 577,625 millions de dollars pour le portefeuille industriel LBA Logistics Value Fund VII. Le portefeuille se compose de 25 propriétés industrielles réparties sur 10 États, totalisant 7 040 030 pieds carrés. JLL a sécurisé un prêt à taux variable pour une durée de cinq ans à travers un syndicat dirigé par J.P. Morgan, avec Bank of America et Wells Fargo comme co-directeurs de l'émission. Le prix final était d'environ 195 points de base au-dessus de SOFR.
Le portefeuille dispose d'un taux d'occupation de 100% avec un mélange diversifié de locataires provenant de divers secteurs. Situées dans des marchés très recherchés à travers le pays, les propriétés bénéficient de solides données démographiques, avec une population moyenne pondérée de 1,0 million dans un rayon de 30 minutes et de 2,9 millions dans un rayon de 60 minutes de chaque actif.
Die Capital Markets Gruppe von JLL hat erfolgreich eine CMBS-Finanzierung für einen einzelnen Kreditnehmer in Höhe von 577,625 Millionen US-Dollar für das LBA Logistics Value Fund VII Industrieportfolio arrangiert. Das Portfolio besteht aus 25 Industrieimmobilien in 10 Bundesstaaten mit insgesamt 7.040.030 Quadratfuß. JLL sicherte ein variabel verzinsliches Darlehen über einen Zeitraum von fünf Jahren durch ein Syndikat, das von J.P. Morgan geführt wird, wobei Bank of America und Wells Fargo als Co-Bookrunner fungieren. Die endgültige Preisgestaltung betrug etwa 195 Basispunkte über SOFR.
Das Portfolio weist eine 100%ige Belegungsrate auf und bietet eine vielfältige Mieterstruktur aus verschiedenen Branchen. In landesweit stark nachgefragten Märkten gelegen, profitieren die Immobilien von einer soliden Demografie, mit einer gewogenen Durchschnittsbevölkerung von 1,0 Millionen innerhalb eines 30-minütigen Radius und 2,9 Millionen innerhalb eines 60-minütigen Radius von jeder Immobilie.
- Secured $577.625 million SASB financing for a large industrial portfolio
- 100% occupancy rate across 25 properties in 10 states
- Diverse tenant mix across dynamic industries
- Strategic locations in highly desirable markets with strong demographics
- Lowest pricing for a floating-rate industrial SASB since March
- Significant oversubscription and tightened spreads across the capital stack
- None.
Insights
The
The pricing of approximately 195 bps over SOFR is notably competitive, especially for a floating-rate industrial SASB. This favorable pricing suggests strong lender confidence in both the sponsor and the underlying assets. The involvement of major financial institutions like J.P. Morgan, Bank of America and Wells Fargo further underscores the deal's credibility.
For JLL, this transaction showcases their ability to execute large, complex financings in the industrial sector, potentially leading to more business in this space. The deal's success could positively impact JLL's capital markets revenue and reputation, particularly in the industrial real estate segment.
This financing deal reflects the ongoing strength of the industrial real estate sector, which has been a top-performing asset class in recent years. The portfolio's strategic focus on in-fill locations in major markets aligns with current trends favoring last-mile logistics and e-commerce fulfillment centers.
The weighted average population of 1.0 million within a 30-minute radius of each asset indicates strong demographic support for these properties. This positioning is important for tenants in industries like web services, food and beverage and logistics, which require proximity to large consumer bases.
The successful execution of this financing, described as "significantly oversubscribed," suggests continued investor appetite for quality industrial assets. This demand could support further growth and development in the sector, potentially benefiting companies like JLL that have expertise in industrial real estate transactions and financing.
JLL's Capital Markets group led the financing efforts for the 25-property, 7M SF portfolio located across 10 states
JLL worked on behalf of LBA Logistics to secure the floating-rate loan for a five-year term, inclusive of extensions, through a syndicate led by J.P. Morgan, with Bank of America and Wells Fargo as joint bookrunners. Final pricing was approximately 195 bps over SOFR.
The properties are strategically located across
Featuring well-located, in-fill industrial assets, the portfolio is positioned in highly desirable markets nationwide, including prime locations such as
The JLL Debt Advisory team was led by Executive Managing Director and National Production Leader Kevin MacKenzie, Senior Managing Director and Industrial Capital Markets Co-Lead Brian Torp and Vice President Christopher Pratt.
"This is the lowest pricing for a floating-rate industrial SASB since March, which is a testament to the strength of the sponsor, portfolio and strategy," said MacKenzie. "Being patient throughout the process and timing the marketing properly led to being significantly oversubscribed, with spreads tightening across the capital stack, demonstrating the current demand in the market."
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.
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
Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
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