JLL Capital Markets introduced as we speak that it has closed the $7.75 million sale of and organized $11.eight million in financing for a 141,000-square-foot industrial distribution and warehouse facility within the Phoenix-area group of Tempe, Arizona.
JLL represented the client, ACB Properties, LLC, which then engaged JLL to safe the long-term, fixed-rate financing for the acquisition of the property and deliberate capital enhancements with a nationwide financial institution.
The constructing is at 2130 South Industrial Park Ave. within the central a part of Tempe. With its quick access to Interstate 10, the flex facility location offers native entry to your complete Phoenix MSA, regional entry from Los Angeles/San Diego to El Paso and worldwide entry into Mexico.
The client plans to enhance the property with a brand new roof, cooling system and upgraded workplace house and intends to make use of the property for its enterprise, Arizona Customized Blends, which entails mixing, packaging and encapsulation of nutraceuticals in an NSF-certified cGMP powder manufacturing facility.
The JLL Capital Markets Funding Advisory group representing the client was led by Managing Director Brian Ackerman, and Director Carl Beardsley led the JLL Debt Placement efforts.
“The client was drawn to this facility due to its central location with quick access to the freeway system,” Ackerman mentioned. “The client’s enterprise has grown exponentially during the last three years, and this acquisition and property enchancment plan will permit them to proceed to increase.”
JLL Capital Markets is a full-service international supplier of capital options for actual property buyers and occupiers. The agency’s in-depth native market and international investor information delivers the best-in-class options for shoppers — whether or not funding advisory, debt placement, fairness placement or a recapitalization. The agency has greater than three,700 Capital Markets specialists worldwide with workplaces in almost 50 nations.