JLL announced that its affiliate Jones Lang LaSalle Securities LLC (JLLS) has advised on the formation of an $800 million joint venture and helped arrange acquisition financing on behalf of Arden Group and Arcapita Group for a portfolio of small- and medium-bay multi-tenant warehousing space across major U.S. markets. The new joint venture acquired an initial $550 million, 18-property, five-million-square-foot industrial portfolio across Atlanta, Charlotte, Columbus, Dallas, Houston, Philadelphia and Indianapolis. An additional $250 million of investment will close soon and bring the total to $800 million across 32 properties with more than 1,100 tenants and totaling more than seven million square feet in nine U.S. markets. A team comprising members from JLLS and JLL Capital Markets advised the venture and arranged the financing and was led by Managing Director Sheheryar Hafeez, Senior Managing Director John Huguenard, Senior Managing Director John Rose, Senior Director Brian Walsh, Senior Director Ross Bratcher and Associates Anderson Granger and Michael Brady.