JLL arranges $9M acquisition financing for Class A industrial facility in Kentucky

CHICAGO, Aug. 13, 2026 – JLL Capital Markets announced today it arranged $8.97 million in acquisition financing for a Class A industrial property at 4175 Aero Pkwy. in Florence, Kentucky.

JLL worked on behalf of the borrower, Waterway Family Funds, to secure a loan through Busey Bank.

The 180,000-square-foot state-of-the-art industrial building is 100% leased and sits on 11.06 acres within the Northern Kentucky submarket near CVG International Airport. The tenant, a global automotive technology supplier, operates a manufacturing and distribution operation focused on steering systems for passenger cars and commercial vehicles at the campus and has maintained operations at the site for more than 30 years.

Built in 2017, the property represents the fourth building within an established campus totalling 527,000 square feet. The facility features modern industrial specifications including

32-foot clear heights, abundant loading capacity, ESFR fire protection, LED lighting and ample power capacity. The property benefits from excellent transportation infrastructure, a strong labor market, and direct proximity to Cincinnati’s CVG International Airport, while providing strategic access to the region's extensive customer base.

The JLL Capital Markets team was led by Senior Director Dan Kearns, Director Matt Maksymec and Senior Analyst Christian Johnston.

"Waterway’s long-term track record across commercial real estate combined with the property's modern specifications, long-term tenant commitment and proximity to CVG International Airport positioned this financing opportunity well in a competitive lending environment," Kearns said.

"This acquisition fits squarely within Waterway's portfolio," said Jeremy Pemberton, Chief Investment Officer of Waterway Family Funds. "A high-quality asset in a strong market, backed by an exceptional and committed tenant, delivers stable in-place income and an attractive risk-adjusted return."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global data sets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Waterway Family Funds sources and acquires commercial real estate focused on seeking attractive risk-adjusted returns across diverse asset classes and geographic locations. With principals that have an average of more than 30 years of experience in commercial real estate, the company targets assets that (1) emphasize capital preservation, (2) generate current income and (3) create long-term value. Since 2003, WFF and its affiliates have financed +$12 billion of real estate transactions and acquired +$16 billion of total real estate value. Waterway Family Funds is affiliated with Waterway Capital LLC, a registered broker-dealer with the SEC and a member of FINRA/SIPC. To learn more, visit waterwaycap.com

As of June 30, 2026, First Busey Corporation (Nasdaq: BUSE) was an $18.19 billion financial holding company headquartered in Leawood, Kansas. Busey Bank, a wholly owned bank subsidiary of First Busey Corporation, has 80 banking centers in Illinois, Missouri, Texas, Florida, Oklahoma, Colorado, Arizona, Indiana, Kansas, and New Mexico. More information about Busey Bank can be found at busey.com. Through Busey’s Wealth Management division, the Company provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. Assets under care totaled $16.51 billion as of June 30, 2026. More information about Busey’s Wealth Management services can be found at busey.com/wealthmanagement.