{"id":1004440777,"date":"2020-05-14T05:19:12","date_gmt":"2020-05-14T13:19:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004440777"},"modified":"2020-05-14T22:09:54","modified_gmt":"2020-05-15T06:09:54","slug":"pennsylvania-industrial-portfolio-scores-9m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pennsylvania-industrial-portfolio-scores-9m-financing\/","title":{"rendered":"Pennsylvania Industrial Portfolio Scores $9M Financing"},"content":{"rendered":"
\"\"<\/a>

1405 and 1473 Zeager Road. Image courtesy of JLL<\/em><\/p><\/div>\n

Foxfield Industrial has secured $9.3 million in financing for two newly completed distribution facilities totaling 198,721 square feet in Elizabethtown, Pa. <\/p>\n

Completed in 2019, the Class A, partially leased buildings feature single-side load configurations, 21 dock doors, 32-foot clear heights at the first column, LED lighting and four drive-in doors. The loan will primarily be used to recapitalize construction costs and provide leverage through stabilization.<\/p>\n

JLL Capital Markets worked on behalf of the borrower to place the floating-rate bank loan. <\/p>\n

Located at 1405 and 1473 Zeager Road, on 20 acres, the buildings are in the central Pennsylvania industrial submarket. The facilities are 6 miles from Interstate 76 and 10 miles from Interstate 283. <\/p>\n

JLL Director Michael Pagniucci led the financing team that assisted Foxfield. <\/p>\n","protected":false},"excerpt":{"rendered":"

The borrower plans to use the loan to recapitalize construction costs and provide leverage through stabilization.<\/p>\n","protected":false},"author":868,"featured_media":1004441812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,10],"tags":[49405,44006],"class_list":["post-1004440777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-northeast","tag-foxfield-industrial","tag-jll-capital-markets"],"acf":[],"yoast_head":"\nPennsylvania Industrial Portfolio Scores $9M Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pennsylvania-industrial-portfolio-scores-9m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennsylvania Industrial Portfolio Scores $9M Financing\" \/>\n<meta property=\"og:description\" content=\"The borrower plans to use the loan to recapitalize construction costs and provide leverage through stabilization.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pennsylvania-industrial-portfolio-scores-9m-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-14T13:19:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-15T06:09:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/1405-and-1473-Zeager-Rd.-Elizabethtown-PA-II-Email-e1589522984132.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2307\" \/>\n\t<meta property=\"og:image:height\" content=\"1729\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pennsylvania-industrial-portfolio-scores-9m-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pennsylvania-industrial-portfolio-scores-9m-financing\\\/\"},\"author\":{\"name\":\"Sergiu Inizian\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"headline\":\"Pennsylvania Industrial Portfolio Scores $9M Financing\",\"datePublished\":\"2020-05-14T13:19:12+00:00\",\"dateModified\":\"2020-05-15T06:09:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pennsylvania-industrial-portfolio-scores-9m-financing\\\/\"},\"wordCount\":137,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pennsylvania-industrial-portfolio-scores-9m-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/05\\\/1405-and-1473-Zeager-Rd.-Elizabethtown-PA-II-Email-e1589522984132.jpg\",\"keywords\":[\"Foxfield Industrial\",\"JLL Capital Markets\"],\"articleSection\":[\"Finance\",\"Industrial\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pennsylvania-industrial-portfolio-scores-9m-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pennsylvania-industrial-portfolio-scores-9m-financing\\\/\",\"name\":\"Pennsylvania Industrial Portfolio Scores $9M Financing - 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