JLL arranges $58.72 million refinancing for Northern Parkway Logistics Center in Arizona
JLL•JLL arranged $58.72 million in refinancing for Northern Parkway Logistics Center in Glendale, Arizona. Mesa West Capital provided Panattoni Development Company with a three-year, floating-rate loan for the 445,187-square-foot property, which was 57.9% leased at closing.
1. Refinancing arranged
JLL arranged $58.72 million in refinancing for Northern Parkway Logistics Center in Glendale, Arizona. Mesa West Capital provided Panattoni Development Company with a three-year, floating-rate loan.
2. Property details
Completed in 2025, the 445,187-square-foot Class A industrial portfolio comprises three buildings. It was 57.9% leased at closing, and the financing supports continued lease-up and stabilization.
