Saturday, December 7, 2024

JLL Capital Markets arranges $24.5 million financing for a Class A, 112,000 SF distribution center in Tampa, FL

 

 Val McWilliams

MIAMI, FL – JLL Capital Markets has secured $24.5 million in financing for a 112,000-square-foot, Amazon-leased, last-mile distribution facility

 in Tampa, FL.

 

JLL worked on behalf of the borrower, AGS TRIP Corp, to secure the fixed-rate loan through Reinsurance Group of America, Incorporated (RGA).


 Brian Gaswirth

Situated in the Southeast Hillsborough submarket of the Tampa MSA, the property benefits from its position in one of Florida's fastest-growing regions. The site offers excellent accessibility to major transportation routes, including state road 41 and I-75.

 

Jimmy Calvo
Additionally, its proximity to the Port of Tampa Bay and Tampa International Airport (TPA) provides critical logistical advantages for efficient regional distribution.

 

The JLL Debt Advisory team was spearheaded by Managing Director Brian Gaswirth, Director Jimmy Calvo and Analyst Val McWilliams.


FINANCED: 112,000-square-foot, Amazon-leased,

 last-mile distribution facility in Tampa, FL

 .

 

"The industrial fundamentals within the greater Tampa MSA have created extensive excitement from both investors and lenders," said Gaswirth. "The combination of borrower, an investment-grade Amazon lease, significant duration and Tampa's booming population growth made this a highly competitive process.”

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

 

CONTACT:

  Grace Lewis

 

 

JLL's 34,187-SF lease brings Feed My Starving Children to Tempe, AZ

 Emily Minnier

TEMPE, AZ– The Phoenix office of JLL  has completed a 34,187-square-foot lease that relocates and expands the Arizona location of Feed My Starving Children from Mesa to a new facility at 1100 W. Grove Parkway in Tempe.

 

 

Mark Gustin


The Minnesota-based charity organization currently operates eight U.S. locations where, with volunteer support, it packs and distributes meals to starving people in 112 countries around the world.

 

FMSC leased its first facility in Tempe in 2011. It relocated to the Mesa Fiesta District in 2015, where it nearly tripled its facility size to 25,000 square feet. FSMC continues to expand its Arizona footprint with its newly built facility near Elliot Road and Priest Drive in South Tempe, minutes from Interstate 10.

 

Mark Gustin, Jimmy Cornish and Emily Minnier of JLL represented the building owner, Providence Real Estate Group. Bryce Terveen of CBRE represented FMSC.

 

Jimmy Cornish

“We’re very pleased to welcome Feed My Starving Children to Tempe,” said Gustin. “This completely renovated building gives this highly respected organization modern advantages that will amplify its comfort, efficiency and results.

 

"The property is easily accessed via nearby I-10 and is within walking distance to more than 50 retail, restaurant and hospitality amenities.”


Bryce Terveen 

Additional features of the 1100 building include speculative office space, a fully air conditioned warehouse, generous 5/1,000 parking and six dock door positions.

 

FMSC completed its relocation to Tempe this month and is now fully operational in its new facility. For more about the organization, or to donate or volunteer, visit fmsc.org.

 

In Phoenix, JLL is a market leader employing more than 550 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. 


1100 West Grove Parkway, Tempe, AZ


In 2023, the Phoenix team completed more than 120 million square feet in lease and sale transactions, with a total transaction volume of more than $1.1 billion, and directed $67 million in project management across 63 projects.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

 Stacey Hershauer

focusAZ 

P 480.600.0195