LBA Logistics secures $577m SASB financing for LBA Logistics Value Fund VII Industrial Portfolio

LBA Logistics has secured $577.6 million in CMBS single-borrower (SASB) financing for its LBA Logistics Value Fund VII Industrial Portfolio. The portfolio comprises 25 industrial properties across 10 states, totaling 7.04 million square feet.

JLL worked on behalf of LBA Logistics to secure the floating-rate loan for a five-year term, inclusive of extensions, through a syndicate led by J.P. Morgan, with Bank of America and Wells Fargo as joint bookrunners. Final pricing was approximately 195 basis points over SOFR.

The properties are located across California, New Jersey, Utah, Washington, Florida, Georgia, Nevada, Ohio, Kentucky and Tennessee. The portfolio boasts a 100 percent occupancy rate, with a diverse tenant mix spanning industries including web services, food and beverage, building materials and logistics.

Featuring well-located infill industrial assets, the portfolio is positioned in highly desirable markets nationwide, including prime locations such as