{"id":12801,"date":"2026-10-19T11:57:31","date_gmt":"2026-10-19T11:57:31","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=12801"},"modified":"2026-10-21T12:11:20","modified_gmt":"2026-10-21T12:11:20","slug":"jll-closes-20-3m-bridge-financing-for-adaptive-reuse-storage-in-philadelphia","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/jll-closes-20-3m-bridge-financing-for-adaptive-reuse-storage-in-philadelphia\/","title":{"rendered":"JLL Closes $20.3M Bridge Financing for Adaptive Reuse Storage in Philadelphia"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><img loading=\"lazy\" class=\" wp-image-12802 alignright\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2026\/10\/JLL.png\" alt=\"\" width=\"225\" height=\"127\" \/>JLL Capital Markets has arranged $20.3 million in bridge financing for Pier 40 CubeSmart, a 118,280-square-foot self-storage facility at 841 South Christopher Columbus Blvd. in Philadelphia. Grant Street Funding provided the three-year loan with two one-year extension options on behalf of borrower PrimeSpace Capital. The facility, converted from a 1914 port warehouse, contains 1,486 climate-controlled units managed by CubeSmart.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The financing supports ongoing lease-up following Phase 2\u2019s February 2025 opening, with more than 75,000 square feet leased since then.<\/span><\/span><\/span><\/p>\n<p><a style=\"display: inline-block; background-color: #f97033; color: #ffffff; padding: 8px 14px; font-size: 13px; font-weight: 600; text-decoration: none; border-radius: 4px; line-height: 1.2;\" href=\"https:\/\/www.jll.com\/en-us\/newsroom\/jll-led-the-financing-efforts-for-pier-40-cubesmart\" target=\"_blank\" rel=\"noopener noreferrer\">Read the Full Article<br \/>\n<\/a><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><span style=\"text-decoration: underline;\"><strong>Source<\/strong><\/span>: JLL<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL Capital Markets has arranged $20.3 million in bridge financing for Pier 40 CubeSmart, a 118,280-square-foot self-storage facility at 841 South Christopher Columbus Blvd. in Philadelphia. Grant Street Funding provided the three-year loan with two one-year extension options on behalf of borrower PrimeSpace Capital. The facility, converted from a 1914 port warehouse, contains 1,486 climate-controlled units managed by CubeSmart. The financing supports ongoing lease-up following Phase 2\u2019s February 2025 opening, with more than 75,000 square feet leased since then. Read the Full Article Source: JLL<\/p>\n","protected":false},"author":13,"featured_media":12802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,6,56],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/12801"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=12801"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/12801\/revisions"}],"predecessor-version":[{"id":12803,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/12801\/revisions\/12803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/12802"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=12801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=12801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=12801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}