JLL arranges $515M acquisition financing for Artemis Real Estate Partners' national logistics portfolio

NEW YORK CITY, Dec. 8, 2025 –  JLL’s Capital Markets group announced today that it has arranged a $515 million acquisition financing for the Artemis National Logistics Portfolio, a 25-property industrial portfolio totaling 8.7 million square feet.

JLL represented the borrower, an affiliate of Artemis Real Estate Partners, to secure a five-year balance sheet loan through Wells Fargo, which acted as the sole lead arranger, sole bookrunner and administrative agent for the transaction.

The portfolio spans top U.S. logistics markets, including Central Florida, Central Pennsylvania, Dallas-Fort Worth, Houston, Greenville, Northern New Jersey and Chicago. Located in strategic infill positions within top last-mile submarkets, the properties offer immediate proximity to dense population centers and major transportation corridors.

The assets offer highly functional logistics designs, featuring average clear heights above 30 feet, 2003 vintage and limited office buildouts comprising 4.2% of total square footage. Property sizes range from 84,000 square feet to 892,000 square feet, with an average suite size of 264,000 square feet.

Currently more than 95% leased, the portfolio is leased to 25 tenants spanning a variety of industries including e-commerce, consumer goods, food and beverage distribution, logistics services, building materials and government agencies. 

The JLL Debt Advisory team was led by Capital Markets President Kevin MacKenzie, Senior Managing Director Steven Klein and Director Christopher Pratt.

"Artemis' proven sponsorship and the portfolio's strong fundamentals drove exceptional execution on this significant financing," said MacKenzie. "The combination of investment-grade tenancy and embedded value creation opportunities allowed us to capitalize on the robust lending environment and structure competitive terms."

“The success of this financing underscores the strength of Artemis Real Estate Partner’s ability to execute at scale,” said Klein. “Geographic diversity, mark-to-market opportunity and strong tenant roster led to a successful transaction for all parties involved.”

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 — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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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 113,000 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. 

Artemis Real Estate Partners, a Barings company is a real estate investment platform that has acquired over $18 billion gross purchase price of assets in more than 350 investments since its founding in 2009. Artemis is based in Washington, DC, and makes equity and debt investments across the U.S. in core, core plus, value add and opportunistic real estate. Artemis specializes in joint venture partnerships with established, diverse, and emerging operating partners and direct investments. To learn more, visit ArtemisREP.com.