January 2, 2019
Chicago-based Logistics Property Company, LLC secured finance loans with J.P. Morgan with a combined value of roughly $90 million for its 94 Logistics Park, Kenosha, WI (pictured) and Southport Logistics Park, Wilmer, TX.
Logistics Property Co.’s Mark Skinner says, “We’re excited to establish a relationship with J.P. Morgan across multiple projects in North America. This commitment reflects the underlying strength of these markets for industrial properties.”
The loans will fund Phase I of LPC’s 94 Logistics Park and Southport Logistics Park. 94 Logistics Park is a 67-acre parcel situated directly on Interstate 94 at 4250 120th Ave., less than 50 miles from Chicago and near the $10 billion Foxconn manufacturing facility. It is expected to deliver by the end of summer 2019.
Southport Logistics Park is a 252-acre master-planned logistics destination within the South Dallas submarket of Dallas-Fort Worth. At full build-out, Southport will house more than 3.7 million square feet of Class-A industrial space.
For comments, questions or concerns, please contact Dennis Kaiser