 |
| Melissa Rose |
JLL worked
on behalf of the developer, FLEXSPACE Ventures, LLC, to arrange the development
equity partnership with BentallGreenOak (BGO).
 |
| Marc Duval |
Additionally, JLL placed the two-year, floating-rate construction loan for the project with Bank of America.
The
JLL Industrial Equity Advisory team that represented the developer included Marc
Duval, Dustin Volz and Wells Waller.
The
JLL Debt Advisory team was led by Michael Klein,
Melissa Rose and Wells
Waller.
“This
joint venture creates an experienced operating platform and a leading
investment manager targeting cold storage development in key distribution nodes
in the U.S.,” Duval said.
“The partnership between Flexspace and BGO
will be a dynamic relationship going forward and help solve the challenges of
inefficient product and supply chain disturbances within the space.”
 |
| Dustin Volz |
“Lenders
are finally understanding the growing necessity for new cold storage
developments focusing on the use of technology to create flexible and efficient
temperature-controlled space.” Rose added.
The
facility is designed specifically to serve industries such as poultry, beef,
seafood, and frozen consumer packaged goods.
 |
| Wells Waller |
Opening
summer 2022, the facility will have more than 25,000 pallet positions, 50-foot
clear heights, and temperatures ranging from -10 to 35 degrees Fahrenheit.
Other
facility features include insulated metal-panel construction, high-density
mobile racking system, ALTA refrigeration system and 28 refrigerated docks.
 |
| Michael Kline |
Situated
on 12.06 acres at 11180 Blasius Rd., FlexCold – Jacksonville is strategically
located approximately three miles from Jacksonville Port Authority (JAXPORT),
which is one of the busiest seaports in the U.S. and provides direct
connections to 140 ports in 70 countries around the world.
CONTACT:
Kimberly
Steele
JLL Manager
Public Relations
Phone: +1
713 852 3420
Email: Kimberly.Steele@am.jll.com
