JLL arranges $37M financing for acquisition of Beltsville Light industrial portfolio

• JLL Capital Markets secured $37 million in acquisition financing for Adler Real Estate Partners' purchase of Ammendale Technology Park, a six-building shallow bay industrial portfolio in the Washington DC metro area.

• The 275,270-square-foot property benefits from direct access to Interstate 95 and Interstate 495, providing connectivity to a consumer base of 9.7 million people within 90 minutes.

• The portfolio is 96% leased to 24 tenants across light manufacturing, distribution and technology sectors in a high barrier-to-entry market with constrained supply.

MIAMI, Oct. 22, 2026 – JLL Capital Markets announced today it has arranged $37 million in acquisition financing for Ammendale Technology Park, a 275,270-square-foot shallow bay light industrial portfolio in Beltsville, Maryland. The property encompasses six buildings located at 11800, 11850 and 11900 Baltimore Ave. and 12104, 12200 and 12240 Indian Creek Court.

JLL worked on behalf of the borrower, Adler Real Estate Partners, a Miami-based asset management firm specializing in multi-tenant light industrial properties, to secure the bank financing.

Built in 1985 and 1986, the portfolio is well suited for light industrial, technology and distribution users. Five of the six buildings offer 20-foot clear heights, and the loading is predominantly dock-high, with 42 dock-high positions and 10 grade-level doors. The buildings also additional specifications include truck courts of 65 to 135 feet, building depths of 100 to 190 feet and flexible column spacing. The 31-acre site includes 675 parking spaces, with suites ranging from 3,500 to 36,000 square feet. The property is 96% leased to 24 tenants across the technology, distribution, light manufacturing and service sectors.

The portfolio's location along the U.S. Route 1 corridor provides immediate access to Interstate 95 and Interstate 495, both within five minutes. This connectivity positions tenants within 34 minutes of downtown Washington DC, 36 minutes of downtown Baltimore and 40 minutes of Ronald Reagan Washington National Airport. The immediate submarket benefits from proximity to national retailers and neighboring industrial tenants, reflecting strong consumer demand and economic activity.

The Washington DC metro industrial market continues to benefit from federal government presence, affluent demographics and constrained land supply that limits new construction in established submarkets. Shallow bay industrial properties below 100,000 square feet have demonstrated sustained tenant demand as data center development and alternative uses reduce traditional industrial inventory in infill locations. The Beltsville submarket, located in northern Prince George's County, contains 9.9 million square feet of industrial space with limited new supply and strong fundamentals supported by diverse employment drivers.

The JLL Capital Markets team was led by Senior Managing Director Melissa Rose and Senior Director Michael DiCosimo, along with Director Gus Caiola and Analyst Magnus Kron.

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.

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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.

Adler Real Estate Partners is a vertically integrated real estate investor and operator based in Miami, FL. The firm specializes in a niche strategy of acquiring multi-tenant light industrial properties in growth markets throughout the United States. Since entering the fund management business in 2010 the current team has deployed and managed five funds and completed over 50 acquisitions, totaling 15 million square feet and over $2.0 billion in market value.

www.adler-partners.com