{"id":1004763260,"date":"2025-07-01T04:31:59","date_gmt":"2025-07-01T12:31:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004763260"},"modified":"2025-07-03T09:03:38","modified_gmt":"2025-07-03T17:03:38","slug":"brennan-jv-secures-253m-portfolio-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-secures-253m-portfolio-refi\/","title":{"rendered":"Brennan JV Secures $253M Portfolio Refi"},"content":{"rendered":"\n<p>Brennan Investment Group and Farallon Capital have secured $252.5 million in financing for Lower Terra Industrial Portfolio, a light industrial asset collection spanning more than 3.6 million square feet across 17 markets. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004743925\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-recapitalizes-1-msf-portfolio-near-philly\/844-north-lenola-road-moorestown-n-j\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg\" data-orig-size=\"800,600\" 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;0&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;0&quot;}\" data-image-title=\"844 North Lenola Road, Moorestown, N.J.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Brennan Investment Group recapitalized 20 shallow-bay buildings in Moorestown, N.J., including 844 North Lenola Road. Image courtesy of Brennan Investment Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg?w=800\" alt=\"A light industrial building at 844 North Lenola Road in Moorestown, N.J.\" class=\"wp-image-1004743925\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/844-North-Lenola-Road-Moorestown-N.J.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">In January, Brennan Investment Group also recapitalized 20 shallow-bay buildings in Moorestown, N.J., including 844 North Lenola Road. <em>Image courtesy of Brennan Investment Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>JLL Capital Markets arranged the floating-rate, five-year loan from affiliates of Apollo.<\/p>\n\n\n\n<p>The portfolio includes 21 light industrial properties across 13 states in the East, West, Central and Southeast regions. Located across multiple markets, the assets provide access to 18 percent of the nation\u2019s workforce. The portfolio comprises several types of facilities, including heavy-bolt-down investments and four separate headquarters. <\/p>\n\n\n\n<p>JLL Capital Markets&#8217; Debt Advisory team that secured the financing was led by Senior Director Lucas Borges, Senior Managing Director Matthew Schoenfeldt and Associate Tara Hagerty.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-southeastern-markets-for-industrial-transactions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top Southeastern Markets for Industrial Transactions<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>At the time of the deal, the properties were 98 percent leased to 16 tenants from different industries, including the manufacturing sector. The average tenure exceeds 30 years.<\/p>\n\n\n\n<p>JLL&#8217;s recent research shows that manufacturing leasing activity in the first quarter of 2025 increased by 17.4 percent quarter-over-quarter. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.jll.com\/en-us\/insights\/market-dynamics\/industrial-market-statistics-trends\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">JLL\u2019s research<\/a> also shows that this was the top-performing quarter for the nation&#8217;s industrial market since the second quarter of last year, driven by roughly 123.3 million square feet in leasing activity. Net absorption totaled 40 million square feet, marking a 43 percent year-over-year increase.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-brennan-investment-group-s-industrial-activity\">Brennan Investment Group&#8217;s industrial activity<\/h2>\n\n\n\n<p>Since its foundation in 2010, Brennan Investment Group has expanded its industrial portfolio across 29 states, with a total footprint of 57 million square feet. In January the company recapitalized its 20-building, 1 million square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-recapitalizes-1-msf-portfolio-near-philly\/\" target=\"_blank\" rel=\"noreferrer noopener\">portfolio in Moorestown N.J.<\/a> The company has owned the light-industrial property since 2017.<\/p>\n\n\n\n<p>In Laredo, Texas, Brennan established a partnership with Standard Real Estate Investment Partners to build a <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-to-build-industrial-project-near-us-mexico-border\/\" target=\"_blank\" rel=\"noreferrer noopener\">433,000-square-foot cross-deck development<\/a> for industrial use in February. This will be Brennan\u2019s second facility within the Pinnacle Industry Center. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The collection includes 21 light industrial properties. <\/p>\n","protected":false},"author":3749,"featured_media":1004743925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21783,23891,21742],"tags":[33335,44072,32796],"class_list":["post-1004763260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-investment","category-national","category-latest","tag-brennan-investment-group","tag-farallon-capital","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brennan JV Secures $253M Portfolio Refi - 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