Jones Lang LaSalle Inc.
09/09/2025 | Press release | Distributed by Public on 09/09/2025 09:05
$132.4M financing arranged for Class A industrial development in Pennsylvania
PHILADELPHIA, Sept. 9, 2025 - JLL Capital Markets announced today it has arranged $132.4 million financing for Lower Bucks Logistics Hub, a newly constructed Class A industrial development totaling 814,567 square feet in Langhorne, Pennsylvania.
JLL represented the borrower, an affiliate of Foxfield, in securing the financing through Affinius Capital.
Located at 1600 and 1620 East Old Lincoln Highway in Middletown Township, Bucks County, the property comprises two state-of-the-art warehouse facilities positioned on either side of Old Lincoln Highway (Route 213).
The development features state-of-the-art specifications, including 40-foot clear height, an ESFR sprinkler system, LED lighting, 50-foot by 50-foot column spacing with 60-foot speed bays and a 185-foot truck court. The property has impressive loading capacity with 80 dock doors, six drive-in doors, 649 car parking spaces and 190 trailer parking spaces across the two buildings. The North building totals 361,457 square feet with rear loading, while the South building totals 453,110 square feet with cross-dock loading.
The property benefits from exceptional transportation connectivity, situated along Interstate 295 with direct access to Interstate 95 and within five miles of the Pennsylvania Turnpike (Interstate 276). This strategic location provides access to major population centers, including New York to the north and Philadelphia and South Jersey to the south.
The JLL Capital Markets Debt Advisory team was led by Senior Director Michael Pagniucci and Analyst Eric Halpern.
"Lenders were attracted to the successful sponsorship in Foxfield, along with Lower Bucks Logistics Hub's proximity to major interstate networks and its institutional-quality construction and specifications," said Pagniucci. "By securing this accretive financing, we've provided Foxfield with both improved cost of capital and the runway needed for a successful stabilization."
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 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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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 jll.com.
About Foxfield
Foxfield is a real estate investment and development company with a focus on industrial and residential markets. Headquartered in Boston, with offices in Atlanta, New York, and Philadelphia, Foxfield searches for unique investment opportunities primarily on the East Coast. Foxfield discovers opportunities where others see none. Our investment mandate focuses on a margin of safety that controls downside risk and produces asymmetric returns for our investors. Foxfield's opportunistic nature and analytical processes unearth value across the risk spectrum. We see properties not for what they are, but for their potential within the fabric of the community.
To date, Foxfield has transacted on $1.6 billion in acquisitions and has $1.1 billion in the development pipeline with more than 7 million SF in assets under management or development.
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