Cannon TTM has secured $60 million in acquisition financing for a two-property, 2.01-million-square-foot industrial portfolio fully leased to Winn-Dixie in Jacksonville, Fla., and Hammond, La.
JLL worked on behalf of the borrower to secure the 10-year, fixed-rate CMBS loan.
Situated in prime industrial corridors, the properties provide easy access to major highways and airports serving the Southeast. The Jacksonville location is 12 miles from Jacksonville International Airport in the Riverside submarket, while the Hammond site is equidistant to New Orleans and Baton Rouge. Both assets serve as mission-critical distribution centers for Winn-Dixie, a subsidiary of Southeastern Grocers (which is a subsidiary of Aldi).
