JLL announced on June 30, 2025, that it arranged $252.5 million in financing for the Lower Terra Industrial Portfolio. This portfolio consists of 21 light industrial, mission-critical properties totaling 3.64 million square feet across 17 markets in the United States.
JLL represented the sponsor, Brennan Investment Group and Farallon Capital, to secure a floating-rate, five-year loan from affiliates of Apollo. The portfolio benefits from strategic positioning in top-performing industrial markets and geographic diversity, providing access to approximately 18% of the U.S. workforce.
The properties boast strong tenant commitment with an average tenure of over 30 years, including several mission-critical facilities and four headquarters locations. The portfolio is 98% occupied by 16 diverse tenants, and new manufacturing leasing activity increased by 17.4% quarter-over-quarter as of Q1 2025.
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