JLL Arranges $101.8M CIBC Financing for SkyREM's 1.9M-SF East Coast Industrial Portfolio

JLL Capital Markets has arranged $101.8 million in non-recourse financing on behalf of SkyREM, LLC for a four-property industrial portfolio totaling approximately 1.9 million square feet across the East Coast and Mid-Atlantic, the firm announced Sept. 16, 2026.

CIBC provided the financing, which carries an initial three-year term with two one-year extension options. The portfolio is 100% occupied by six tenants with a weighted average lease term of more than six years.

Deal Structure and Portfolio Profile

The portfolio totals 1,916,451 square feet across four properties and serves a range of warehousing, manufacturing and e-commerce uses. At roughly $53 per square foot of debt, the financing gives SkyREM capital flexibility while the portfolio generates income from a fully leased tenant base.

The loan is structured on a non-recourse basis, with the initial three-year term extendable to a potential five-year total duration through the two one-year extension options. CIBC Bank USA is the lender of record; products and services in the United States are offered by CIBC Bank USA, Member FDIC and Equal Housing Lender.

"This financing reflects the strength of the portfolio and gives us additional flexibility to continue investing in well-located industrial assets where we see compelling long-term value," said Alexander Dembitzer of SkyREM. "We appreciate JLL's execution and CIBC's confidence in SkyREM and our investment strategy."

JLL and CIBC Teams

JLL's Debt Advisory team was led by Senior Managing Directors Peter Rotchford and Steven Binswanger and Managing Director Lucas Borges.

On the lender side, Max Gentile, Managing Director of US Commercial Real Estate at CIBC, highlighted the relationship-driven nature of the transaction.

"We are pleased to close this financing for SkyREM," Gentile said. "This transaction reflects our relationship-focused approach and ability to provide tailored financial solutions that support the company's strategic and financial objectives. We look forward to supporting Alex and the SkyREM team as they continue to execute on their vision."

SkyREM's Industrial Platform

SkyREM is a real estate investment and management company with more than $1 billion in assets under management. Its portfolio comprises in excess of 12 million square feet across 30 properties in 20 industrial, logistics and trade gateway markets, as well as land holdings and an integrated solar business operating in two states. The four-property East Coast portfolio financed through CIBC provides SkyREM with a geographically diversified portfolio of income-producing industrial assets.

Industrial Market Context

The financing arrives as U.S. industrial fundamentals have shown notable improvement. According to JLL's Q2 2026 U.S. Industrial Market Dynamics report, leasing activity reached 175.7 million square feet during the quarter, up 49.4% year over year, while net absorption nearly doubled from the first quarter to 99.1 million square feet. National vacancy declined to 6.8%, its first meaningful contraction in three years, as occupiers made larger and longer-term commitments. Big-box leasing increased 58.3% year over year, reflecting renewed demand for well-located, high-quality logistics facilities.

JLL Capital Markets operates as a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists worldwide and offices in nearly 50 countries. CIBC is a North American financial institution serving 15 million personal banking, business, public sector and institutional clients across the United States, Canada and internationally.