SkyREM refinances 2.5M SF industrial portfolio with $170M loan
JLL Capital Markets has arranged a $170 million financing for the SkyREM Industrial Portfolio, comprising 10 buildings of industrial and warehouse distribution assets across multiple U.S. regions. The portfolio, totaling 2.5 million square feet, is located in South Carolina, North Carolina, New Jersey, Wisconsin, Georgia, Iowa, and Pennsylvania.
The fixed-rate, five-year loan was secured through Apollo. The properties boast a 99% occupancy rate with 15 diverse tenants from various industries including technology, manufacturing, warehousing, logistics, aerospace, and government. Tenants have an average tenure of approximately 8 years, with histories ranging from 1 to 20+ years.
Despite a national slowdown in industrial leasing post-pandemic, the Logistics & Parcel Delivery sector showed strong performance, particularly in New Jersey, where Q3 2024 recorded the second-highest leasing volume ever at 14 million square feet.
JLL Capital Markets ha organizzato un finanziamento di 170 milioni di dollari per il SkyREM Industrial Portfolio, che comprende 10 edifici di beni industriali e di distribuzione magazzinieri situati in diverse regioni degli Stati Uniti. Il portafoglio, che totalizza 2,5 milioni di piedi quadrati, si trova in Carolina del Sud, Carolina del Nord, New Jersey, Wisconsin, Georgia, Iowa e Pennsylvania.
Il prestito a tasso fisso, della durata di cinque anni, è stato garantito attraverso Apollo. Le proprietà vantano un tasso di occupazione del 99% con 15 inquilini diversificati provenienti da vari settori tra cui tecnologia, manifatturiero, magazzinaggio, logistica, aerospaziale e pubblico. Gli inquilini hanno una durata media di permanenza di circa 8 anni, con storie che variano da 1 a oltre 20 anni.
Nonostante un rallentamento nazionale nell'affitto industriale dopo la pandemia, il settore Logistica & Consegna Pacchi ha mostrato una performance forte, in particolare nel New Jersey, dove il terzo trimestre del 2024 ha registrato il secondo volume di affitti più alto di sempre con 14 milioni di piedi quadrati.
JLL Capital Markets ha organizado un financiamiento de 170 millones de dólares para el SkyREM Industrial Portfolio, que comprende 10 edificios de activos industriales y de distribución de almacenes en varias regiones de EE. UU. El portafolio, que suma 2,5 millones de pies cuadrados, se encuentra en Carolina del Sur, Carolina del Norte, Nueva Jersey, Wisconsin, Georgia, Iowa y Pennsylvania.
El préstamo a tasa fija a cinco años se obtuvo a través de Apollo. Las propiedades cuentan con un tasa de ocupación del 99% con 15 inquilinos diversos de varias industrias, incluyendo tecnología, manufactura, almacenamiento, logística, aeroespacial y gobierno. Los inquilinos tienen una duración promedio de aproximadamente 8 años, con historias que varían de 1 a más de 20 años.
A pesar de un desaceleramiento nacional en el arrendamiento industrial post-pandemia, el sector de Logística y Entrega de Paquetes mostró un desempeño fuerte, particularmente en Nueva Jersey, donde el tercer trimestre de 2024 registró el segundo volumen de arrendamiento más alto de la historia con 14 millones de pies cuadrados.
JLL 자본시장이 1억7000만 달러의 자금 조달을 위해 SkyREM 산업 포트폴리오를 조직했습니다. 이 포트폴리오는 미국 여러 지역에 걸쳐 있는 10개의 산업 및 물류 창고 자산으로 구성되어 있습니다. 포트폴리오는 총 250만 평방피트에 달하며, 사우스 캐롤라이나, 노스 캐롤라이나, 뉴저지, 위스콘신, 조지아, 아이오와, 펜실베이니아에 위치하고 있습니다.
고정 금리의 5년 대출은 아폴로를 통해 확보되었습니다. 이 자산의 99%의 점유율을 자랑하며, 기술, 제조, 물류, 항공우주 및 정부를 포함한 다양한 산업의 15개 세입자가 있습니다. 세입자들은 평균 8년의 임대 기간을 가지며, 이력은 1년에서 20년 이상입니다.
팬데믹 이후 산업 임대의 전 국가적 둔화에도 불구하고, 물류 및 소포 배달 부문은 강력한 성과를 보였습니다. 특히 뉴저지에서는 2024년 3분기에 1400만 평방피트로 역대 두 번째로 높은 임대량을 기록했습니다.
JLL Capital Markets a organisé un financement de 170 millions de dollars pour le SkyREM Industrial Portfolio, qui comprend 10 bâtiments d'actifs industriels et de distribution d'entrepôts dans plusieurs régions des États-Unis. Le portefeuille, totalisant 2,5 millions de pieds carrés, est situé en Caroline du Sud, Caroline du Nord, New Jersey, Wisconsin, Géorgie, Iowa et Pennsylvanie.
Le prêt à taux fixe, d'une durée de cinq ans, a été sécurisé par Apollo. Les propriétés affichent un taux d'occupation de 99 % avec 15 locataires variés issus de différents secteurs, notamment la technologie, la fabrication, l'entreposage, la logistique, l'aérospatiale et le gouvernement. Les locataires ont une durée moyenne d'occupation d'environ 8 ans, avec des historiques allant de 1 à plus de 20 ans.
Malgré un ralentissement national du leasing industriel après la pandémie, le secteur Logistique & Livraison de Colis a affiché de bonnes performances, en particulier dans le New Jersey, où le troisième trimestre 2024 a enregistré le deuxième volume de leasing le plus élevé jamais réalisé avec 14 millions de pieds carrés.
JLL Capital Markets hat eine Finanzierung in Höhe von 170 Millionen Dollar für das SkyREM Industrial Portfolio arrangiert, das aus 10 Gebäuden mit industriellen und lagerlogistischen Assets in mehreren US-Regionen besteht. Das Portfolio umfasst insgesamt 2,5 Millionen Quadratfuß und befindet sich in South Carolina, North Carolina, New Jersey, Wisconsin, Georgia, Iowa und Pennsylvania.
Das Festzinsdarlehen mit einer Laufzeit von fünf Jahren wurde über Apollo gesichert. Die Immobilien weisen eine 99%ige Belegungsrate auf und haben 15 verschiedene Mieter aus verschiedenen Branchen, darunter Technologie, Fertigung, Lagerhaltung, Logistik, Luft- und Raumfahrt sowie Regierung. Die Mieter haben eine durchschnittliche Mietdauer von etwa 8 Jahren, wobei die Mietverhältnisse von 1 bis über 20 Jahre reichen.
Trotz eines nationalen Rückgangs bei gewerblichen Mietverträgen nach der Pandemie zeigte der Sektor Logistik & Paketlieferung eine starke Leistung, insbesondere in New Jersey, wo im dritten Quartal 2024 das zweithöchste Mietvolumen aller Zeiten mit 14 Millionen Quadratfuß verzeichnet wurde.
- Portfolio is 99% leased with diverse tenant base
- Strong tenant retention with average 8-year tenure
- Properties located in markets with positive growth trends
- Q3 2024 showed strong leasing performance in key markets
- National pullback in industrial leasing from pandemic highs
Insights
This
The geographic diversification across seven states, particularly in high-growth regions, enhances the portfolio's risk profile. Apollo's involvement as the lender is notable, as traditional banks have been pulling back from commercial real estate lending. The 5-year fixed-rate structure provides interest rate certainty during a period of market volatility.
For JLL, this transaction showcases their ability to execute large-scale financing deals in a challenging market, potentially leading to increased market share in their capital markets business. The deal's success in securing favorable terms despite the broader market slowdown indicates strong institutional confidence in both the industrial sector and JLL's execution capabilities.
The transaction's timing is particularly strategic given the current industrial market dynamics. While there's been a national pullback in industrial leasing post-pandemic, the portfolio's strong fundamentals buck this trend. The New Jersey market's Q3 2024 performance, recording the second-highest leasing volume ever at 14M square feet, signals continued robust demand in key logistics hubs.
The increased Asian 3PL demand mentioned is a important market driver, suggesting a structural shift in supply chain strategies. The portfolio's tenant diversity across technology, manufacturing, logistics and aerospace sectors provides natural hedging against industry-specific downturns. The
JLL Capital Markets arranges financing for a 10-building collection of industrial and warehouse distribution assets
JLL represented the borrower, SkyREM, to secure the fixed-rate, five-year loan through Apollo.
Totalling approximately 2.5 million square feet, the portfolio is spread across highly sought-after markets in
At closing, the properties were
The JLL Debt Advisory team included Managing Director Peter Rotchford, Senior Director Lucas Borges Executive Managing Director Riaz Cassum and Senior Managing Director Steven Binswanger.
"We are thrilled to expand and diversify our lending partnerships with such a trusted institution like Apollo. We want to thank the JLL team for facilitating the multi asset financing and look forward to working with them on many more transactions in the future," said Alex Dembitzer, Founder of SkyREM.
Despite a national pullback in industrial leasing since the pandemic highs, the Logistics & Parcel Delivery industry was a top performer in the sector this year, driven in large part by increased Asian 3PL demand. In
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 visit JLL's newsroom.
About SkyREM, LLC
SkyREM, with offices in
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
Email: grace.lewis@jll.com
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SOURCE SkyREM; JLL Capital Markets
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