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**Snowball Developments Secures $9.5M in Permanent Financing for South Windsor Industrial Property**
JLL Capital Markets has arranged $9.50 million in permanent financing for Snowball Developments’ refinancing of 555 Nutmeg Road, a 115,800-square-foot industrial facility located in South Windsor, Connecticut, within the Hartford industrial submarket.
The five-year, fixed-rate loan was secured through a life insurance company by a JLL team led by Senior Director Max Custer, Director Ryan Carroll, and Analyst Michael Donohoe.
Originally constructed in 1980, the property offers specialized warehouse features including 14 truck-level loading docks, two drive-in doors, and 25-foot clear ceiling heights with 60’ by 25’ column spacing. The building is fully occupied by US Autoforce, one of the nation’s largest wholesale tire distributors, which has maintained tenancy since the facility’s inception.
“We are pleased to have assisted Snowball Developments in arranging financing for 555 Nutmeg,” said Custer. “Snowball continues to demonstrate their ability to execute on value-add industrial strategies across the Tri-State region, and as a result, there was no shortage of lender interest on this financing opportunity.”
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