Parkway Property Investments & Silverpeak Real Estate Partners Secure $40.67 Million Construction Loan In Lakeland

The asset involved in this transaction is an industrial property located at 1415 Winston Park Boulevard in the Lakeland market. The total square footage of the property is 260,000. The loan amount for this construction project is set at $40,670,000, with a floating-rate and a term of 36 months.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $40,670,000
• Address: 1415 Winston Park Boulevard
• Market: Lakeland
• Asset Size: 260,000 SF
• Lender: Pinnacle Financial Partners, Hancock Whitney & Seacoast Bank
• Landlord: Parkway Property Investments & Silverpeak Real Estate Partners
• Brokers: Charles Foschini, Chris Apone, Shannon Wilson & Lourdes Carranza-Alvarez - Berkadia
• Loan Type: Construction
• Loan Terms: floating-rate, 36-month loan

The transaction features key participants such as four brokers from Berkadia: Charles Foschini, Chris Apone, Shannon Wilson, and Lourdes Carranza-Alvarez. Parkway Property Investments and Silverpeak Real Estate Partners act as the landlords for this industrial property. The lenders involved in this transaction include Pinnacle Financial Partners, Hancock Whitney, and Seacoast Bank.