JLL Finishes Sale of National Workplace, Industrial Portfolios; Secures $475.5 Million Financing
Brookfield-sponsored private equity funds completed their purchase of a 46-property portfolio from TA Realty for $854.5 million.
The portfolio consists of a mix of commercial and office homes amounting to 8.6 million square feet topped 12 states, with the huge majority of the homes found in Los Angeles, Dallas, Chicago and Washington, DC metros, according to TA Real estate. The list of homes offered to Brookfield was not released.
A JLL Capital Markets group arranged the sales of a 37-property, 7.6 million-square-foot national logistics portfolio and a nine-property, 1.1 million-square-foot varied office portfolio on behalf of TA. JLL also secured $475.5 million in acquisition financing as part of the transactions.
TA Realty partners Nicole Dutra Grinnell, Michael Haggerty, Jim Raisides and dispositions officer Luke Marchand worked out the deals on the part of the seller.