JLL Capital Markets, alongside M&T Bank, has completed $621 million refinancing for a portion of Merritt Properties’ Maryland Industrial Portfolio, one of the largest privately owned light industrial portfolios in the Mid-Atlantic.
JLL represented Merritt Properties and its affiliates in arranging the financing, securing a fully underwritten seven-year, balance-sheet loan through M&T Bank.
The portfolio encompasses 58 properties totaling approximately 6.3 million square feet across the Baltimore-Washington metropolitan area. Strategically located throughout the BWI Corridor, Northwest Baltimore, the Interstate 95 corridor and Hagerstown, Md., the portfolio serves hundreds of businesses across a diverse range of industries and has demonstrated consistently strong occupancy over more than two decades.
“Our strategy focused on highlighting the portfolio’s institutional quality, outstanding operating performance and long-term value,” said Travis Ande
