Cushman & Wakefield Arranges $39.5M Refinance For Beaumont Commerce Center With Grant Street Funding

The industrial property located at 5402-5460 Beaumont Center Boulevard spans 250,000 square feet and is situated in the Tampa market. It has recently been refinanced with a loan amount of $39,500,000, facilitating further investment into the asset. The property is part of a small-bay industrial portfolio near Tampa International Airport, which has experienced significant occupancy and income improvements since the acquisition, bolstered by capital enhancements and active management.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $39,500,000
• Lender: John Boyt - Grant Street Funding
• Landlord: Jay Lobell - JSB Capital Group
• Landlord: Craig A. Spencer - Arden Logistics Parks
• Brokers: Jason Hochman, Ronald Granite & Gideon Gil - Cushman & Wakefield
• Loan Type: Refinance

Cushman & Wakefield played a crucial role in arranging the $39.5 million refinancing for the Beaumont Commerce Center. The transaction reflects the partnership between Arden Logistics Parks and JSB Capital Group, under the financial guidance of Grant Street Funding. The involvement of these brokers signifies their expertise in the industrial real estate market, evidencing their successful navigation of this refinancing process.