Cabot Properties Lands $167M for Industrial Portfolio
The assets are located across seven U.S. markets.
Image courtesy of JLL Capital Markets
Cabot Properties has secured a $166.8 million loan for a 10-asset industrial portfolio. Totaling more than 2 million square feet, the distribution facilities are located across seven U.S. markets including Chicago, Houston, Miami, Dallas-Fort Worth, the Inland Empire and New Jersey.
Guardian Life provided the three-year, fixed-rate note, according to Yardi Matrix information. JLL Capital Markets arranged the deal.
Cabot Properties currently owns more than 200 industrial assets nationwide, amounting to almost 45 million square feet, the same data provider shows.
The refinanced portfolio, up close
According to public records information, the refinanced properties include:
- Northwest Pointe II, Elgin, Ill.
- 215 Waterloo Valley Road, Budd Lake, N.J.
- 209 Commerce Center, Souderton, Pa.
- Carter Distribution Center – 6657 Oak Grove Road, Fort Worth, Texas
- Bridge Point Miramar, Miramar, Fla.
- Interchange Business Center – Building E, San Bernardino, Calif.
- Interchange Business Center – Building D2, San Bernardino, Calif.
- 295 Thomas McGovern Drive, Jersey City, N.J.
- 79 Thomas McGovern Drive, Jersey City, N.J.
- 4014 Interwood Parkway, Houston
The warehouses feature average clear heights of 32 feet, weighted construction vintage of 2016, dock-high loading doors, truck courts and wide column spacing—characteristics consistent with modern industrial real estate trends focused on efficiency and adaptability.
Currently 95 percent leased, the portfolio houses 12 tenants pertaining to industries such as food and beverage manufacturing, aerospace and defense services, third-party logistics, e-commerce distribution, packaging wholesale and telecommunications infrastructure.
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JLL Capital Markets Senior Managing Director Brett Paulsrud, Managing Director Amy Lousararian, Vice Presidents Robyn King and Hugh Doherty led the Debt Advisory team that procured the financing on behalf of Cabot Properties.
The level of commercial and multifamily mortgage debt outstanding rose 1.0 percent in the second quarter of 2025 to $47.1 billion, according to a recent report by the Mortgage Bankers Association. Life insurance companies witnessed the largest debt growth in dollar terms, amounting to $17.7 billion (2.4 percent).
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