Jones Lang LaSalle Inc. $(JLL)$ has successfully secured $252.5 million in financing for the Lower Terra Industrial Portfolio, a collection of 21 light industrial properties totaling 3.64 million square feet across 17 U.S. markets. The financing, arranged by JLL's Capital Markets group, involves a floating-rate, five-year loan from affiliates of Apollo. Representing the sponsors, Brennan Investment Group and Farallon Capital, JLL highlighted the portfolio's strategic geographic positioning and strong tenant commitment, with an average tenure of over 30 years. The portfolio spans 13 states and is strategically located in top-performing industrial markets, offering access to labor markets that encompass approximately 18% of the U.S. workforce. The transaction underscores the robust investment appeal of well-maintained, mission-critical industrial facilities in the current capital markets environment.
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