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September 21, 2023

JLL secures $61M for industrial quartet

EverWest Real Estate Investors paid over $15 million last year for an industrial property on the Duwamish Waterway, aka the Lonestar Building. (Pictured, it's the blue building just left of the junction of First Avenue South and East Marginal Way South.) It's part of a four-building portfolio that recently benefited from an over $61.3 million refinancing package arranged by JLL. Its team, based in Denver, included Eric Tupler, Kristian Lichtenfels, Brian Dawson, Kaden Eichmeier and Jillian Mariutti. The lender, per county records, was GIM Commercial Mortgage Loan Fund LP, an entity of J.P. Morgan Asset Management. JLL says the portfolio is over 98% leased. The other three buildings are in Denver, Long Island (New York) and Nashville. EverWest, also based in Denver, is a regular in our market, and its Tom Karbowski said in a statement, “Big thanks to the teams at J.P. Morgan Asset Management and JLL for all of their help in getting this financing completed in a challenging financing environment.”




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