Aegon Real Assets U.S Provides $10.3M Acquisition Loan For Park 6 In Tampa

Park 6, a six-building, 184,500-square-foot flex industrial property located at 11902 Race Track Rd, Tampa, FL, 33626, was sold to a private investor for $15.8 million. Aegon Real Assets U.S provided the new owner with a $10.3 million acquisition loan for the property which was formerly part of the Tri-County Business Park purchased by Birtcher Anderson for $40.4 million in December 2017. The asset was strategically divided into two smaller properties by Birtcher Anderson to enhance operational efficiencies.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15.8 million
• Address: 11902 Race Track Rd, Tampa, FL, 33626
• Market: Tampa
• Borrower's Rep: Nathan Lynch (Colliers International)
• Lender: Aegon Real Assets U.S
• Loan Amount: $10,300,000.00

In the deal, Colliers International Tampa Bay represented the seller and also secured the acquisition financing for the buyer. The seller was represented by Executive Managing Director Ryan Vaught and Director Robyn Hurrell. On the buyer's side, Executive Managing Director Nathan Lynch from Colliers International's Debt & Equity team played a key role in finalizing the financing for the acquisition.