News: Financial Digest

JLL Capital Markets secures $27.3 million in financing for a two-building industrial portfolio for NorthBridge Partners

Hartford, CT JLL Capital Markets has secured $27.3 million in financing for a two-building industrial portfolio spanning over 315,000 s/f in Central Mass. and Greater Hartford, Conn.

JLL represented NorthBridge Partners and arranged non-recourse acquisition financing through a national life insurance company.

The portfolio consists of two recently developed, mission-critical industrial facilities leased to a global ecommerce conglomerate and an advanced manufacturing company that primarily services the pharmaceutical and biotechnology industries. Both properties feature long-term leases, class A construction and offer premier logistical connectivity for distribution and supply chain requirements.

The JLL Capital Markets debt advisory team was led by managing director Andrew Gray and director Ryan Parker.

Gray said, “We witnessed strong interest from national life insurance, regional banks and alternative capital providers in financing the portfolio of state-of-the-art industrial properties, which are mission critical to the tenant’s operations.”

“The level of interest in the portfolio is a testament to Northbridge’s brand name and ability to acquire high quality logistics and distribution facilities below replacement cost,” Parker said.

MORE FROM Financial Digest

Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.