JLL arranges $20.3 million bridge financing for Philadelphia self-storage facility

Bitget2026/10/19 15:02

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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JLL arranges $20.3 million bridge financing for Philadelphia self-storage facility

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