JLL arranges $101.8M CIBC financing for SkyREM industrial portfolio

• JLL arranged $101.8 million in financing for SkyREM’s four-property, 1.9 million-square-foot industrial portfolio.
• CIBC provided the non-recourse financing for the 100%-occupied portfolio spanning the East Coast and Mid-Atlantic
• The financing comes as U.S. industrial fundamentals continue to strengthen.

NEW YORK, Sept. 16, 2026 – JLL Capital Markets announced today that it has arranged $101.8 million in financing on behalf of SkyREM, LLC for a four-property industrial portfolio totaling approximately 1.9 million square feet across the East Coast and Mid-Atlantic.

CIBC provided the non-recourse financing. The loan carries an initial three-year term with two one-year extension options.

“This financing reflects the strength of the portfolio and gives us additional flexibility to continue investing in well-located industrial assets where we see compelling long-term value,” said Alexander Dembitzer of SkyREM. “We appreciate JLL’s execution and CIBC’s confidence in SkyREM and our investment strategy.”

“We are pleased to close this financing for SkyREM,” said Max Gentile, Managing Director, US Commercial Real Estate at CIBC. “This transaction reflects our relationship-focused approach and ability to provide tailored financial solutions that support the company’s strategic and financial objectives. We look forward to supporting Alex and the SkyREM team as they continue to execute on their vision.”

The portfolio totals 1,916,451 square feet and is 100% occupied by six tenants with a weighted average lease term of 6+ years. The properties serve a range of warehousing, manufacturing and e-commerce uses and provide SkyREM with a geographically diversified portfolio of income-producing industrial assets.

JLL’s Debt Advisory team was led by Senior Managing Directors Peter Rotchford and Steven Binswanger and Managing Director Lucas Borges.

The financing comes as U.S. industrial fundamentals continue to strengthen. According to JLL’s Q2 2026 U.S. Industrial Market Dynamics report, leasing activity reached 175.7 million square feet during the quarter, up 49.4% year over year, while net absorption nearly doubled from the first quarter to 99.1 million square feet. National vacancy declined to 6.8%, its first meaningful contraction in three years, as occupiers made larger and longer-term commitments. Big-box leasing increased 58.3% year over year, reflecting renewed demand for well-located, high-quality logistics facilities.

JLL Capital Markets 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. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources visit JLL’s newsroom.

Products and services in the United States are offered by CIBC Bank USA. Member FDIC and Equal Housing Lender.

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 112,000 as of June 30, 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 datasets 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.

SkyREM is a real estate investment and management company with more than $1 billion in assets under management. The company’s portfolio comprises in excess of 12 million square feet across 30 properties in 20 top industrial, logistics and trade gateway markets, as well as land holdings and an integrated solar business operating in two states. Visit www.skyrem.com

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. To learn more, visit the CIBC US homepage.