News release

Acquisition financing secured for 28-asset industrial portfolio in North Carolina’s Triad region

JLL Capital Markets arranged acquisition financing for the portfolio totaling 1.4 million square feet in Kernersville and Winston-Salem

October 18, 2023

Alli Semans

Hotels & Hospitality and Capital Markets PR
+1 330 329 6750

DALLAS, Oct. 18, 2023 –  JLL Capital Markets announced today that it has arranged acquisition financing for a 28-asset light industrial portfolio totaling 1.4 million square feet in Kernersville and Winston-Salem, North Carolina.

JLL worked on behalf of Dallas-based Blue Ridge Industrial to secure the five-year, floating rate loan through an entity managed by Argentic Investment Management LLC (“Argentic”).

The portfolio is currently 96.4% leased to a diverse rent roll of 66 tenants. Key features include average clear heights of 23 feet with 306 total dock-high doors and a combination of front-, rear-, side- and cross-dock load configurations. The average building size across the portfolio is approximately 50,000 square feet.

Kernersville and Winston-Salem sit within the rapidly growing Triad region of North Carolina. The portfolio benefits from having immediate access to two super-regional interstates, I-40 and I-85, close proximity to a skilled labor force and new manufacturing plants and corporate relocations. Kernersville is located 10 miles east of Winston-Salem and 17 miles west of Greensboro. Winston-Salem is located 25 miles west of Greensboro and 69 miles northeast of Charlotte.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Jim Curtin and Director Jarrod McCabe.

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.

For more news, videos and research resources, please visit JLL’s newsroom.

About Blue Ridge Industrial ® 

Blue Ridge Industrial, LLC is a real estate private equity firm based in Dallas, TX that acquires and manages functional, well-located industrial properties. Founded in 2018 by Michael Trapani and Nate Leifeld, BRI has acquired 75 buildings in 6 markets totalling 3.4 million square feet. More information about Blue Ridge Industrial can be found at 


About Argentic

Argentic Investment Management LLC is a manager of commercial real estate lending and investment vehicles focused on provided fixed-rate and floating-rate debt financing solutions to property owners throughout the United States.


About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit