{"id":1004201177,"date":"2017-12-19T09:06:58","date_gmt":"2017-12-19T17:06:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201177"},"modified":"2022-12-08T20:54:34","modified_gmt":"2022-12-09T04:54:34","slug":"jll-arranges-65m-construction-loan-for-houston-logistics-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-arranges-65m-construction-loan-for-houston-logistics-center\/","title":{"rendered":"JLL Arranges $65M Construction Loan for Houston Logistics Center"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004201181\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-65m-construction-loan-for-houston-logistics-center\/port-10-logistics-center-aerial-render-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1495795954&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Port 10 Logistics Center Aerial Render\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;An aerial rendering of the project, 2017. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg?w=800\" class=\"alignright wp-image-1004201181 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg\" alt=\"Port 10 Logistics Center Aerial Render\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Port-10-Logistics-Center-Aerial-Render.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>JLL\u2019s Capital Markets experts secured $65 million in financing on behalf of Pontikes Development. The funds will be used to develop the first phase of the Port 10 Logistics Center near Port Houston.<\/p>\n<p>The first phase consists of four buildings on a 100-acre site, totaling 992,669 square feet. Upon completion, the development will comprise eight buildings totaling more than 3 million square feet over an additional 146 acres.<\/p>\n<h2>National leader in traffic<\/h2>\n<p>The complex is well positioned to handle its share of the more than 241 million tons of cargo that move through Port Houston annually: Port 10 Logistics Center&#8217;s state-of-the-art facilities are close to a number of Houston-area rail lines. This makes it a national leader in total traffic, as well as an ideal location for logistics properties.<\/p>\n<p>JLL Managing Director Paul House and Senior Vice Presidents James Brolan and Jonathan Paine arranged the financing. First Tennessee Bank provided the first lien and Nationwide provided mezzanine financing.<\/p>\n<p><em>&#8220;This strategic location is a vital starting point for logistics delivery throughout Southeast Texas and provides a concentrated location for Port Houston&#8217;s primary outbound container trade with Latin America and Asia. We continue to see investors seeking to invest into the area&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/port-10-logistics-center-to-break-ground-in-baytown-tx\/\">multimodal logistics hub<\/a>,\u201d<\/em>\u00a0House said in a prepared statement.<\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial multimodal development will be built in phases, the first one consisting of four buildings totaling 993,669 square feet on a 100-acre site.<\/p>\n","protected":false},"author":237,"featured_media":1004201181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,1589,21748,21742],"tags":[32796,38052,38053],"class_list":["post-1004201177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-houston","category-industrial","category-latest","tag-jll","tag-pontikes-development","tag-port-10-logistics-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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