 JLL has arranged $59 million in refinancing for a three-building industrial portfolio totaling 647,717 square feet across the Cincinnati and Chicago metropolitan areas.
JLL worked on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America, Incorporated, to secure a five-year loan through a regional bank. The JLL Capital Markets team was led by Senior Managing Director Matthew Schoenfeldt, Managing Director Lucas Borges, Senior Director Brian Walsh, Associate Michael Gurwin and Senior Analyst Christian Johnston.
The Midwest Industrial three-Pack comprises two facilities in Fairfield, Ohio, and one property in Hoffman Estates, Illinois. All three buildings were completed in 2023 and feature modern industrial specifications.
The Cincinnati properties, known as Seward Pointe Commerce Park, include a 282,420-square-foot building at 3770 Symmes Rd. and a 163,621-square-foot building at 8551 Seward Rd. The Chicago asset, known as The Ninety Logistics Center, encompasses 201,676 square feet at 2685 Eagle Way in Hoffman Estates.
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