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Melissa Rose
MIAMI, FL – JLL Capital
Markets has arranged $26.6 million in construction financing and $13 million in
joint venture equity for the development of Tampa Cold Logistics, a
108,554-square-foot cold storage facility in Tampa, Florida.
 |
| John Huguenard |
JLL represented the borrower, Sansone Group, in securing the three-year,
floating-rate loan through a local bank. In addition, JLL arranged the joint
venture equity partnership with BentallGreenOak.
The JLL Capital Markets Debt Advisory team was led by Senior Managing
Director John Huguenard, Managing Directors Luis Castillo and Melissa
Rose and Director Michael DiCosimo.
“Due to the
best-in-class sponsorship in Sansone, Mandich and BGO, alongside an infill
Tampa location, we were able to build a strong market of lenders amidst a
turbulent capital markets environment,” said Rose. “The demand for modernized
cold storage space managed by skilled operators in this market is incredibly
strong, substantiating speculative development.”
 |
| Luis Castillo |
The site is located on 7.27 acres at 3601 East 3rd Ave.,
two miles from downtown Tampa and Port Tampa Bay.
The property’s proximity to major thoroughfares, including Interstates
4, 275, 75 and Selmon Expressway/FL-618, will allow future tenants to reach 9.3
million residents within a two-hour drive.
Additionally, the property is adjacent to the CSX railway, 2.7 miles
from the CSX Intermodal Tampa terminal and 11 miles from the Tampa
International Airport.
 |
| Michael DiCosimo |
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more
than 3,000 Capital Markets specialists worldwide with offices in nearly 50
countries.
For more news, videos and research resources, please visit JLL’s newsroom.
CONTACT:
Alli Semans
PR, Hotels & Hospitality,
Capital
Markets
JLL
M +1 330 329 6750
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