JLL Capital Markets led the financing efforts for Arcadia Jacksonville, a 333K SF Class A facility
News release
01 April 2025
$68.28M acquisition financing for state-of-the-art cold storage facility in Jacksonville, FL
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MIAMI, Apr. 1, 2025 – JLL Capital Markets announced today that it has arranged $68.28 million in acquisition financing for Arcadia Jacksonville, a 333,725-square-foot, Class A cold storage facility in Jacksonville, Florida.
JLL worked on behalf of the borrower, Manulife Investment Management, to secure a five-year, fixed-rate loan through an insurance company.
Completed in 2024, Arcadia Jacksonville is a cutting-edge cold storage facility featuring flexible temperature zones ranging from -20 to 35 degrees Fahrenheit, 50-foot clear heights, 32 dock-high doors and a 210-foot truck court depth. The facility is 100% leased to Arcadia Cold Storage & Logistics, the seventh-largest cold storage third-party logistics provider in North America.
The property is strategically located within Imeson Industrial Park, one of Jacksonville's premier logistics hubs, providing quick access to major interstates I-95, I-295 and I-10 as well as Jacksonville International Airport, JAXPORT and CSX Intermodal. This enables national distribution and access to over 30 million consumers within a six-hour drive.
The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Melissa Rose and Michael Klein, Director Wells Waller, Associate Nicole Barba and Analyst Preston Bacon.
"Jacksonville's robust population growth, expanding port infrastructure and limited existing cold storage supply create compelling fundamentals," said Rose. "We're pleased to have secured attractive terms that will allow our client to capitalize on the significant growth opportunities in this market."
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 a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.