Blackstone And Link Logistics Secure $51M Construction Loan For Sycamore Logistics Center

Blackstone and Link Logistics have started construction on the Sycamore Logistics Center in Medley, Florida. The development site is located at 9800 Northwest 87th Avenue and 8593 Northwest 96th Street, spanning over 18 acres. The project will consist of two warehouses with a total square footage of 310,456. The market value of the property is significant, given the high demand for warehouse space in South Florida and its low vacancy rates.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $51,000,000
• Address: 9800 Northwest 87th Avenue & 8593 Northwest 96th Street
• Market: Medley
• Square Footage: 310,456
• Acres: 18

The construction of the Sycamore Logistics Center is backed by a $51 million construction loan provided by AEW Capital Management. AEW Capital Management is the lender involved in financing the project. The parties involved in the deal include Luke Petherbridge representing Link Logistics as the landlord and Stephen Schwarzman representing Blackstone. The project aims to meet the strong demand for warehouse space in the South Florida region.