JLL arranges $30M refinancing for shallow bay industrial portfolio in Miami's Airport submarket 

MIAMI, Oct. 9, 2025 –  JLL Capital Markets announced today it arranged a $30 million refinancing for Palmetto Industrial Park, a six-building shallow bay industrial portfolio totaling 183,945 square feet in Miami's Airport submarket.

JLL worked on behalf of a joint venture between East Capital Partners and ABR to secure a fixed-rate, three-year loan through a bank execution.

The portfolio, located at 6801-7500 NW 77th Ave., consists of six buildings constructed between 1981 and 1982 on 7.66 acres. The front-loading industrial complex features 18-foot clear heights, 12 dock-high doors, 101 grade-level doors and 275 parking spaces.

Palmetto Industrial Park sits strategically near the intersection of State Road 934 and the Palmetto Expressway, providing direct access to Miami International Airport, downtown Miami and key residential and employment centers. The property benefits from high-visibility frontage along the heavily trafficked Palmetto Expressway, which sees 267,000 vehicles per day.

The portfolio currently maintains 94.9 percent occupancy across 143 tenants. The tenant mix reflects the hyperlocal and regional nature of shallow bay industrial users, with businesses such as auto repair shops, custom carpentry operations, marble and stone services, logistics companies, medical centers, insurance agencies and specialized manufacturing facilities.

The JLL Capital Markets team was led by Senior Managing Director Melissa Rose, along with Analysts Jovi Rodriguez and Duncan Miller.

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 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. 

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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

East Capital Partners is a privately owned real estate investment firm that focuses on off-market institutional commercial real estate and developments in the Eastern United States. East’s leadership has invested over $7 billion across all property types and throughout the capital stack on behalf of its own balance sheet, institutional clients (e.g., pension funds, sovereign wealth funds, endowments, foundations) and high-net-worth individuals. East’s approach to value creation ranges from the less intensive – improving existing operations, leasing, and renovations – to more intensive activities such as major repositioning, changes of use, and ground-up development. For more information, please visit https://eastcp.com.

ABR Capital Partners (ABR) is a Baltimore-based real estate investment manager with a proven 50-year track record, unconstrained access to the broadest opportunities in the middle market, and deep, long-standing relationships with leading real estate operators across the United States.  ABR specializes in value-add, opportunistic, and core-plus investments in the middle market, and takes a focused yet flexible approach regarding market, property type, and capital structure, with a goal of maximizing risk-adjusted returns at the asset and portfolio level. Since its inception, ABR has acquired over $4.5 billion of assets, representing more than 400 transactions and 10 firms.