**JLL Secures $41.9M Financing for Crossroads 55 Industrial Park** **CHARLOTTE, May 13, 2025** - JLL Capital Markets has successfully arranged $41.9 million in construction financing for Crossroads 55, a new three-building, 487,200-square-foot Class A industrial development located in Fuquay-Varina, North Carolina, within the Raleigh-Durham market. The financing, a five-year floating-rate loan, was secured through United Bank on behalf of the borrower, Stotan Industrial. Crossroads 55 will comprise three state-of-the-art industrial buildings, ranging from 115,080 to 221,760 square feet, featuring 32-foot clear heights, ample dock doors, auto parking, and trailer storage. The project is designed to meet the needs of Raleigh-Durham's diverse industrial tenant base, offering flexible suite sizes between 20,000 and 100,000 square feet. The strategic location of Crossroads 55 offers direct access to NC-55, proximity to key intersections, and is a short drive from Research Triangle Park and Raleigh-Durham International Airport, enhancing regional connectivity. Construction is set to begin in May 2025, with completion expected in April 2026. JLL's Debt Advisory team, led by Managing Director Taylor Allison, played a key role in securing the financing.