JLL arranges $20.3 million bridge financing for Philadelphia self-storage facility
Bitget2026/10/19 15:02- JLL Capital Markets arranged $20.3 million in bridge financing for PrimeSpace Capital's Pier 40 CubeSmart self-storage facility in Philadelphia.
- Grant Street Funding provided the floating-rate construction take-out loan, with a three-year term and two one-year extension options.
- Financing supports lease-up and stabilization of the redeveloped property, which comprises 118,280 rentable square feet across 1,486 fully climate-controlled units.
- CubeSmart manages the facility, which has leased over 75,000 square feet since Phase 2 opened in February 2025.
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