Brennan Investment Group and Farallon Capital have secured $252.5 million in financing for the Lower Terra Industrial Portfolio, a collection of 21 light industrial, mission-critical properties totaling 3.64 million square feet across 17 markets in the United States.
JLL represented the sponsor to secure the floating-rate, five-year loan from affiliates of Apollo.
Located across 13 states in the East, West, Central and Southeast regions, the portfolio benefits from strategic positioning in top-performing industrial markets. The portfolio's geographic diversity provides access to labor markets representing approximately 18 percent of the U.S. workforce. Further, the portfolio features strong tenant commitment with an average tenure of more than 30 years, including several mission-critical facilities with heavy bolt-down investments and four headquarters locations.
The properties are 98 percent occupied by 16 diverse tenants spanning a broad array of industries re
