JLL secures $59 million refinancing for Midwest industrial portfolio

CHICAGO, March 23, 2026 – JLL Capital Markets announced today it has arranged $59 million in refinancing for a three-building industrial portfolio totaling 647,717 square feet across the Cincinnati and Chicago metropolitan areas.

JLL worked on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America, Incorporated (NYSE: RGA), to secure the five-year loan through a regional bank.

The Midwest Industrial 3-Pack comprises two Class A facilities in Fairfield, Ohio, within Cincinnati's Tri-County submarket, and one Class A property in Hoffman Estates, Illinois, positioned in Chicago's Northwest Cook County submarket.

All three buildings were completed in 2023 and feature modern industrial specifications including 32-foot clear heights, LED lighting with motion sensors, ESFR sprinkler systems and concrete tilt-wall construction. The portfolio is fully leased to a mix of tenants serving logistics, distribution, manufacturing, packaging and thermal processing industries.

The Cincinnati properties, known as Seward Pointe Commerce Park, include a 282,420-square-foot building at 3770 Symmes Rd. and a 163,621-square-foot building at 8551 Seward Rd. Both facilities are strategically positioned northwest of the Seward Rd. and Symmes Rd. intersection in Fairfield's established industrial corridor with direct access to State Route 4, providing connectivity to Interstate 75 and Interstate 275.

The Chicago asset, known as The Ninety Logistics Center, encompasses 201,676 square feet at 2685 Eagle Way in Hoffman Estates. Located at the southwest intersection of Eagle Pointe Dr. and West Ring Rd., the property sits directly east of the Interstate 90 and Barrington Road interchange, offering immediate highway access and positioning within 20 minutes of O'Hare International Airport.

"This refinancing reflects the strength of the underlying real estate and the continued demand for well-located, modern industrial facilities in core Midwest logistics markets," said Kevin Brennan, Chief Investment Officer and Managing Principal at Brennan Investment Group. "These properties are high-quality, recently developed assets that are fully leased to a diverse tenant base, and we are pleased to partner with JLL and RGA to secure financing that supports their long-term performance."

The JLL Capital Markets team was led by Senior Managing Director Matthew Schoenfeldt, Managing Director Lucas Borges, Senior Director Brian Walsh, Associate Michael Gurwin and Senior Analyst Christian Johnston.

"The institutional specifications and premier locations of these properties resonated strongly with the lending community," Borges said. "We received proposals from a wide range of capital sources, all recognizing the value proposition of newly constructed facilities in infill locations with limited remaining development sites. The diverse tenant mix across distribution and manufacturing uses, combined with the staggered lease rollover schedule, provided lenders with confidence in the cash flow stability of the portfolio."

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 113,000 as of December 31, 2025. 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.

Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired or developed $6.5 billion in industrial real estate in 30 states. The company’s current portfolio spans 29 states and encompasses approximately 57 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The company has 18 regional offices throughout the United States, and the firm’s management team is among the most accomplished in its industry, having invested in over 5,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.

For more information on Brennan Investment Group, go to brennanllc.com.

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus – all directed toward creating sustainable long-term value. RGA has approximately $4.3 trillion of life reinsurance in force and total assets of $156.6 billion as of December 31, 2025. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on  LinkedIn and Facebook. Investors can learn more at investor.rgare.com.