JLL Capital Markets Arranges $26.6M Construction Financing For Tampa Cold Logistics Development

The development site in Tampa, Florida has secured a construction loan of $39,600,000. The loan is a three-year, floating-rate loan, allowing for flexibility in repayment terms.

Summary of transaction details:

• Asset Type: Development Site
• Loan Amount: $39,600,000
• Loan Type: Construction Loan
• Lender: Not available
• Landlord: Not available

JLL Capital Markets facilitated the financing for the development of Tampa Cold Logistics. The project is a collaboration between Sansone Group and BentallGreenOak, with JLL Capital Markets arranging $26.6 million in construction financing and $13 million in joint venture equity for the venture. Tampa Cold Logistics is a 108,554-square-foot cold storage facility in Tampa, featuring impressive attributes such as 45' clear heights, temperature capabilities ranging from -10ºF to 34ºF, and 17 dock doors. The strategic location near major thoroughfares, the CSX railway, and Tampa International Airport ensures convenient accessibility for transportation.