Lotis Wellington Refinances Development Site In Wellington For $24M With LV Lending

1351 State Road 7, Wellington, Florida 33414, United States

$24,000,000

$15/SF

Building Size

1,603,443 SF

Asset Type

Development Site

Closing

Mar 27, 2022

AI

The development site located at 1351-1381 South State Road 7 in Wellington has been refinanced for a loan amount of $24,000,000. The property is a development site with a building square footage (BSF) of 1,603,443 square feet. The transaction took place on March 28, 2022.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $24,000,000
Address: 1351-1381 South State Road 7, Wellington
Market: Wellington
BSF: 1,603,443 square feet

The loan for the refinancing was provided by LV Lending. The landlords involved in the deal are Adam P. Freedman, James S. Gielda, and John K. Markey from Lotis Wellington. Representing LV Lending in the transaction were brokers Camilo Niño, Ricardo Uribe, and Alen Hernandez.

Players