/

|

Industrial Logistics Properties Trust has landed $1.2 billion in refinancing for a 101-property industrial portfolio located in mainland U.S. and Hawaii.

Bank of America, Citibank, Bank of Montreal, Morgan Stanley Mortgage Capital Holdings, Royal Bank of Canada and UBS AG New York Branch provided the financing. The closing of the five-year, interest-only, fixed-rate mortgage is expected later this month.

The more than 100-asset collection is spread several states, including Arizona, Florida, Utah, Alabama, Maryland, Illinois, Colorado, Nebraska and Ohio, among others. More than half of the properties range between 35,530 and 645,000 square feet.