Seagis Property Group secured $184.2 million in financing for two industrial portfolios totaling 1.5 million square feet across Miami-Dade County, Fla., and Northern New Jersey.
JLL worked on behalf of the borrower to secure two separate loans through a life insurance company: $87.7 million for the Miami-Dade County portfolio and $96.5 million for the Northern New Jersey portfolio.
The Miami-Dade County portfolio comprises seven fully leased industrial properties totaling 787,728 square feet. The assets are strategically located in highly sought-after industrial submarkets with proximity to Miami International Airport and Port Miami. The portfolio has 41 tenants across diverse industries, including logistics, food and beverage, retail, ecommerce, packaging, fashion, pharmaceuticals, and telecommunications.
The Northern New Jersey portfolio includes six industrial assets totaling 773,433 square feet in prime infill locations across the Meadowlands and Ports subma
