Affinius Capital LLC (“Affinius Capital”) announced today that it has originated an $82.3 million loan to finance the ground-up development of Eastport Logistics Park, a to-be-built, four building, industrial development in Jacksonville, FL totaling 890,000 square feet. The loan was provided to a joint venture between InLight Real Estate Partners (“InLight”) and an Ares Management Real Estate fund (“Ares”) and will be used for the construction and lease up of the project.

Affinius Capital Managing Director and Head of Debt Origination Eric Cohen commented, “This transaction will facilitate the development of modern Class-A logistics product in a growing port-adjacent market with significant tenant demand. We are thrilled to close our first transaction with InLight and continue to expand our growing relationship with Ares.”