On October 20, 2025, JLL’s Capital Markets group announced today that it had arranged an $820 million refinancing for a national industrial portfolio comprising 42 shallow‑bay properties totaling 6.1 million square feet across six states. The portfolio, owned by a joint venture between CIP Real Estate LLC and Almanac Realty Investors, is 91 % leased to more than 950 tenants, with an average clear height of 19 feet and a mix of tenants ranging from logistics and e‑commerce to last‑mile operators.
The refinancing is a floating‑rate, single‑asset single‑borrower (SASB) loan led by Wells Fargo, with J.P. Morgan and Goldman Sachs originating portions of the loan. The deal provides CIP and Almanac with enhanced liquidity and flexibility to pursue growth in the shallow‑bay industrial sector, a market that has seen strong demand from logistics, e‑commerce and distribution tenants. JLL’s deep lender relationships and expertise in large loan placements enabled the structuring of competitive terms for the borrower.
This transaction underscores JLL’s strategy to deliver value through its capital markets business, reinforcing its position as a global provider of debt advisory services. By securing favorable financing for a diversified, high‑occupancy industrial portfolio, JLL not only supports its client’s expansion plans but also demonstrates its capability to execute complex, large‑scale financing deals that align with its broader focus on resilient, technology‑enabled real estate solutions.
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