REBusinessOnline

JLL Arranges $200.6M Credit Facility for Industrial Portfolio in Texas

HOUSTON — JLL has arranged a $200.6 million, seven-year credit facility for a portfolio of industrial properties located throughout the four major markets of Texas. The Class A portfolio, which was fully leased at closing time, spans 18 single-tenant properties totaling approximately 1.7 million square feet. Thirteen of the assets are in Houston industrial markets, with two each in Austin and Dallas markets and one property in San Antonio. Tyler Ford and Tolu Akindele of JLL handled the transaction on behalf of the owner and borrower, Welcome Group LLC through Global Atlantic Financial Group. The parties involved in the deal could not disclose what the funds would be used for.

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