Acquisition financing secured for industrial facility in Knoxville, Tennessee

DALLAS, June 4, 2024 -  JLL Capital Markets announced today that it arranged acquisition financing for Parkside, a 362,299-square-foot industrial facility in Knoxville, Tennessee.

JLL represented the borrower, Blue Ridge Industrial, and secured the seven-year, fixed-rate loan through RGA Reinsurance Company.

The property is currently 97 percent leased and is located at 440 Goodys Ln. It features 25-foot clear heights, 43 dock high doors and rear-loading capabilities. Parkside sits within the thriving industrial market of Knoxville and is currently leased to WestRock (NYSE:WRK) and Kimberly Clark (NYSE:KMB).

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Jim Curtin and Senior Director Jarrod McCabe.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.

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Jones Lang LaSalle Inc. published this content on 04 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2024 15:10:43 UTC.