Logistics Property Company, LLC, a rapidly growing industrial real estate developer, investor, and manager in North America, successfully closed more than half a billion dollars in loans in 2023. Loans closed included both construction and permanent loans across projects within the firm’s two develop-to-core funds, which include developments in key markets across the United States.

Logistics Property Company closed nearly $300 million in construction loans with First National Bank of Omaha, Comerica Bank, Pinnacle Bank, Old National Bank, First Citizens Bank, Bank OZK, and JPMorgan Chase. These loans financed development projects in several markets including:

An additional $275 million in permanent loans were closed with Quadreal, Wells Fargo, and PGIM. These loans refinanced completed projects, including Banning ONE in Banning, CA; CityPark Logistics Center, Buildings 1,2,3 and 4 in Missouri City, TX; and Palatine 90 Logistics Center, 2800 West Diehl Road, and 94 Logistics Center, Buildings 1 and 2 in the Chicago Market.

“Despite market headwinds, we were successful in placing all our debt needs in 2023 through our relationship lenders,” said Katherine Bernstein, Senior Vice President – Capital Markets at Logistics Property Company. “We are tremendously grateful for our lending relationships, which are critical for the success of our projects and our company’s growth.”


About Logistics Property Co.

Logistics Property Company, LLC is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties. The group is led by a diverse management team that averages more than 25 years of experience and has developed more than 56.7 million square feet of logistics buildings since 1995. Logistics Property Company is headquartered in Chicago with more than 75 employees strategically located across eight offices. Its portfolio currently comprises 55 buildings across 23.9 million square feet in key logistics markets across North America with an estimated end value of more than $4.3 billion. For further information, please visit logisticspropco.com and follow @logisticspropco.

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