JLL Capital Markets arranged acquisition financing for a mission-critical 2M SF industrial portfolio located in Florida and Louisiana
News release
07 February 2025
$60M financing secured for Winn-Dixie industrial portfolio
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LOS ANGELES, Feb. 7, 2025 – JLL Capital Markets announced today that it has arranged $60 million in acquisition financing for a two-property, 2.01-million-square-foot industrial portfolio fully leased to Winn-Dixie in Jacksonville, Florida and Hammond, Louisiana.
JLL worked on behalf of the borrower, Cannon TTM, led by Tyler Mateen, to secure the 10-year, fixed-rate CMBS loan.
Situated in prime industrial corridors, the properties provide easy access to major highways and airports serving the Southeast. The Jacksonville location is 12 miles from Jacksonville International Airport in the Riverside submarket, while the Hammond site is equidistant to New Orleans and Baton Rouge. Both assets serve as mission-critical distribution centers for Winn-Dixie, a subsidiary of Southeastern Grocers (which is a subsidiary of Aldi).
The JLL Debt Advisory team was led by Senior Managing Director Jeff Sause and Associate Joshua Blank.
"This financing highlights the continued momentum of the CMBS market, especially for well-located industrial assets with strong tenancy," said Sause. "The long-term occupancy by Winn-Dixie and strategic locations in growing Southeast markets made this an attractive opportunity for lenders. We're pleased to have secured highly competitive terms that aligned with our client's investment objectives."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Cannon TTM
Founded in 1992, Cannon TTM is a privately operated real estate investment and management company based in Los Angeles, California with a reach across selected regions of the United States in its holdings. Its investments under management and integrated joint venture properties make for a diversified real estate portfolio including, office, retail, multifamily, and industrial assets. The portfolio projects an assembly of bold assets which vary across the investment spectrum, and include core-stabilized to distressed assets acquired for revitalization.