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January 28, 2021
As the DJC first reported last month, Portland investor ScanlanKemperBard paid $24 million for the old 7-acre Northwestern Industries glass manufacturing plant in Interbay. SKB's plan is to renovate the three buildings and repurpose them as a multitenant industrial campus. Now JLL Capital Markets has announced that it secured $30.35 million for the acquisition and, apparently, some of the renovation work. The firm's Tom Wilson and Zach Kersten sourced the floating-rate bridge loan what JLL calls a national debt fund. (Public records indicate Bridge Investment Group of Salt Lake City, Utah.) Kersten said in a statement, “We look forward to watching SKB transform this project into a best-in-class facility in a very attractive submarket for tenants.”