JLL closes $66.8M financing for South Florida Gateway industrial development

• JLL Capital Markets arranged $66.8 million in refinancing for South Florida Gateway, a 987,184-square-foot Class A industrial development in Stuart, Florida

• JLL worked on behalf of the borrower, Foundry Commercial and Stockbridge Capital Group, to secure the floating-rate loan

• The newly delivered property features optimal access to Interstate 95 and positions tenants to reach more than 20 million residents within a four-hour drive

MIAMI, Sep. 22, 2026 – JLL Capital Markets announced today it has arranged $66.8 million in refinancing for South Florida Gateway, a 987,184-square-foot Class A industrial development located at 2400-2450 S.W. Gateway Place in Stuart, Florida.

JLL worked on behalf of the borrower, Foundry Commercial and Stockbridge Capital Group, to secure a floating-rate loan.

The property comprises two newly delivered buildings on a 66.4-acre site in the Martin Inland submarket of Port St. Lucie. Building One features 285,510 square feet of rear-load warehouse space with 32-foot clear heights, 60 dock doors and two drive-in ramps. Building Two encompasses 701,674 square feet of cross-dock distribution space with 36-foot clear heights, 120 dock doors and four drive-in ramps. The property is 19% occupied by a tenant in the industrial manufacturing sector.

South Florida Gateway provides direct access to Interstate 95 within five minutes, positioning tenants to reach more than 6 million customers within a two-hour drive. The property's central location between Miami and Orlando offers connectivity to Florida's Turnpike and six major international airports, along with four major ports that collectively handle more than 50 million tons of cargo annually. The facility provides access to more than 20 million residents within a four-hour drive, representing 89% of Florida's population.

The JLL Capital Markets team was led by Senior Managing Director Melissa Rose and Senior Director Michael DiCosimo, along with Associates Michael Romero and Nicole Diaz.

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.

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

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.

Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 5,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and approximately 5,400 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry's development and investment platform is fully integrated with its services business and has developed or acquired over $7 billion in transaction volume alongside many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com.

Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25 years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors, family offices and high net worth individuals. Stockbridge has approximately $27.4 billion of assets under management (as of June 30, 2026) spanning all major real estate property types, and certain specialty property types with an emphasis on residential and industrial space throughout the U.S. The firm has offices in San Francisco, Atlanta, Chicago, Dallas, Denver, and Phoenix. For more information, visit www.stockbridge.com.