JLL arranges $6.9M acquisition financing for Southern Maine industrial property

Key Takeaways

• JLL Capital Markets arranged $6.9 million in acquisition financing for Queen City Development Group's purchase of a 100,255-square-foot shallow-bay industrial building in Brunswick, Maine
• Bangor Savings Bank provided a five-year, fixed-rate senior loan for the 93%-leased asset, which is situated within Brunswick Industrial Park adjacent to Interstate 295
• Southern Maine has emerged as one of New England's most supply-constrained industrial corridors, attracting tenants and capital seeking proximity to Greater Boston with access to an established logistics network and a historically low-vacancy market environment

BOSTON, Aug. 27, 2026 - JLL Capital Markets announced today it has arranged $6.9 million in acquisition financing for 43 Bibber Parkway, a 100,255-square-foot shallow-bay industrial building in Brunswick, Maine.

JLL worked on behalf of the borrower, Queen City Development Group, to secure a five-year, fixed-rate loan through Bangor Savings Bank.

Built in 1996 and renovated in 2007, 43 Bibber Parkway is a single-story industrial building situated on 7.78 acres within Brunswick Industrial Park. The property features 24-foot clear heights, seven loading docks, one drive-in door and 80 surface parking spaces. At the time of financing, the building was 93% leased to tenants in the architectural signage manufacturing and specialty retail industries.

Located adjacent to Route 1 within Brunswick Industrial Park, the property is less than one mile from Interstate 295 and approximately 15 miles from Interstate 95, providing direct connectivity to the Southern Maine logistics corridor. Brunswick Executive Airport is eight miles from the property, and Portland International Jetport is approximately 25 miles south. The surrounding market draws from a labor pool of more than 237,000 residents within 20 miles.

Brunswick has established itself as a center for innovative businesses and advanced manufacturing in Maine. The town's economic development is anchored by Bowdoin College and Mid Coast-Parkview Health, with additional major employers in surrounding communities including General Dynamics in Bath and L.L. Bean in Freeport. The property is located in a market with historically low vacancy and strong fundamentals driven by demand from tenants seeking lower-cost alternatives to Southern New Hampshire and Greater Boston submarkets.

The JLL Capital Markets team was led by Managing Director Amy Lousararian and Associate Hunter Cuthbertson.

"Queen City Development Group has local expertise as an operator in northern New England and 43 Bibber Parkway is a reflection of exactly the kind of asset their team knows how to source and execute on," Lousararian said.

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group 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

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

About Queen City Development Group

Queen City Development Group ("QCDG") was founded in Burlington, Vermont, in 2019 with a focus on acquiring and managing investment properties throughout New England. Today, QCDG is a vertically integrated real estate company providing investment, property management, construction, development, and design services.

The QCDG ownership team brings decades of real estate experience developed across New England and major markets throughout the United States. This breadth of experience, combined with QCDG's integrated platform and local market expertise, enables the company to identify compelling opportunities, execute complex projects, and create long-term value across its portfolio.

Since its founding, QCDG has built and managed a growing and diversified portfolio of commercial and multifamily properties across Vermont, Massachusetts, and Maine, while expanding its platform throughout Northern New England.

About Bangor Savings Bank

Bangor Savings Bank, with over $7 billion in assets, offers retail, business, and comprehensive commercial banking, cash management solutions, payroll services, and merchant solutions. Wealth management, investment, and financial planning services are offered through Bangor Wealth Management, a division of Bangor Savings Bank, and Bangor Wealth Management of New Hampshire, LLC, a New Hampshire trust company and wholly-owned subsidiary of Bangor Savings Bank. Investment information can be found at https://www.bangor.com/wealth/.

Headquartered in Bangor, Maine, the Bank was founded in 1852 and is in its 174th year, and currently has 69 branches in Maine and New Hampshire and business and/or loan production offices in Maine, New Hampshire, and Massachusetts. Bangor Savings Bank and The Bangor Savings Bank Foundation invested more than $3 million into the region through sponsorships, grants, and partnership initiatives last year. Bangor Savings Bank is an equal-opportunity employer. To learn more, please visit us at www.bangor.com. Member FDIC | Equal Housing Lender.