PHOENIX, (Nov. 27, 2023) – JLL Capital Markets announced today that it arranged $12 million in construction financing for ATLAS Germann, a premier industrial development totalling 60,500 square feet in Gilbert, Arizona.
JLL represented the borrowers, ATLAS and OakPoint, to secure the five-year, fixed-rate loan from a regional bank.
The property is fully pre-leased to Frito-Lay, Inc. for 10 years, which was arranged by JLL’s leasing team. Frito-Lay, a subsidiary of PepsiCo, is the most popular snack food company in the world.
ATLAS Germann will consist of 60,500 square feet located on 8.16 acres in the Southeast Valley, Phoenix’s premier industrial market, and one of the most highly sought-after industrial markets in the United States.
The JLL Capital Markets team was led by Senior Director Jason Carlos and Associate Jarrod Howard. The JLL leasing team was led by Executive Managing Director Steve Larsen and Managing Director Kyle Westfall.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.