January 2, 2019 Comments Off on J.P. Morgan Delivers $90M for Pair of Logistics Acquisitions Views: 2777 Midwest, National News, Wisconsin

J.P. Morgan Delivers $90M for Pair of Logistics Acquisitions

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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.

Connect With Logistics Property Co.’s Skinner

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