JLL Capital Markets announced today the $125 million recapitalization of Gateway Industrial Center, a 69-acre, 1.4-million-square-feet industrial campus located in Metro Detroit.
JLL represented Innovo Development Group in arranging $10 million of JV equity utilizing the Realty Mogul platform to recapitalize the venture. The equity raise follows an $80 million financing package JLL also arranged in June 2021 on behalf of the sponsor.