The newly built facility, completed in 2024, serves as the tenant’s primary North American redistribution hub. Fully leased to a single occupant, the property features modern logistics specifications including 40-foot clear heights, ESFR sprinklers, and expansive truck courts. The Indianapolis region remains a critical node for the trust, benefiting from a central U.S. location that supports major logistics operations for companies such as Amazon, FedEx, and Home Depot.
JLL Income Property Trust Secures $68.5 Million Loan in Indiana
JLL Income Property Trust has finalized a $68.5 million mortgage loan for the Whitestown Distribution Center IV, a 1.1-million-square-foot facility in Whitestown, Indiana. The seven-year financing, carrying a 5.54% interest rate, underscores the REIT’s strategic push to leverage high-quality industrial assets to bolster investor returns amid shifting capital markets.
Allan Swaringen, President and CEO of JLL Income Property Trust, noted that the move reflects a disciplined approach to adding fixed-rate leverage on top-tier properties. This transaction reinforces the firm’s industrial-heavy portfolio strategy; as of September 30, 2026, industrial assets represent 40% of the company’s $6.9 billion total portfolio, spanning 66 properties valued at approximately $2.7 billion. The trust continues to prioritize such infill locations to maintain durable cash flow.
Comments (0)
No comments yet. Be the first!