Affinius Capital originated an $82.3 million loan to finance the ground-up development of Eastport Logistics Park, a to-be-built four-building industrial development in Jacksonville, FL, totaling 890,000 square feet. The loan was provided to a joint venture between InLight Real Estate Partners and an Ares Management Real Estate fund and will be used for the construction and lease-up of the project. 

Eastport Logistics Park will feature four buildings with 32’-36’ clear heights, 135’-185’ truck court depths, 222 dock doors, 418 trailer parking stalls, and 691 car parking spaces. Located just off I-295, five miles from the I-95 interchange and four miles from the Port of Jacksonville, the development will offer seamless connectivity to the broader Jacksonville market and major East Coast port markets, with access to 98 million consumers within a one-day drive. Its location serves the area’s growing e-commerce, logistics, and distribution needs while offering access to adequate labor pools. 

JLL Capital Markets arranged a $108 million refinancing with New York Life Real Estate Investors for a 13-property, self-storage portfolio located throughout the Dallas-Fort Worth Metroplex. On behalf of the borrower, a joint venture between Hines and Trez Capital, JLL Capital Markets arranged the five-year, fixed-rate loan through New York Life Real Estate Investors, who was able to provide an early rate lock, interest-only payments, and prepayment flexibility early in the loan term. 

The JLL Capital Markets Debt Advisory team representing Hines included Director John Bauman and Analyst Jordan Buck. 

The list of locations for the 13 self-storage properties with the Hines-Trez Capital joint venture’s portfolio includes:

• 1251 W. Exchange Parkway, Allen
• 700 Debbie Lane, Arlington
• 2130 W Pleasant Ridge Road, Arlington
• 2444 Luna Road, Carrollton
• 4321 Creek Valley Blvd., Carrollton
• 4201 Paige Road, The Colony
• 4205 Gannon Lane, Dallas
• 1410 N Duncanville Rd., Duncanville
• 1460 S Interstate 35E, Lancaster
• 3645 N Houston School Road, Lancaster
• 525 N Ave., Plano
• 6404 Hwy. 78, Sachse
• 570 Country Club Road, Wylie