McCraney Lands $84M for 1M-SF Campus, Logistics 16 at Ottawa Farms in Bloomingdale

5/21/2025

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CPE

• Subcategory: Capital Markets: Debt, Industrial: Logistics, Industrial: Warehouse

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Capital Markets: Debt-Senior Loan

• Company: Jones Lang LaSalle (NYSE: JLL), Truist Bank

McCraney Property Co. has secured $84 million in senior financing for the 1 million-square-foot, first phase of Logistics 16 at Ottawa Farms, a Class A industrial project in Bloomingdale, Ga. Truist issued the three-year, floating-rate note in a JLL-brokered deal.

In 2022, Bank OZK originated a $62.8 million construction loan set to mature this August, CommercialEdge shows. The campus will consist of nine facilities encompassing 4.4 million square feet upon full build-out.