AGS TRIP Corp Secures $24.5 Million Loan For Amazon-Leased Distribution Facility In Tampa

The transaction involves a 112,000-square-foot industrial property located at 8727 Harney Road in Tampa. The asset is leased to Amazon and was financed for a total loan amount of $24.5 million through a fixed-rate loan from Reinsurance Group of America. The property is strategically situated near major transportation routes and the Port of Tampa Bay, aligning with the strong industrial demand within the growing Tampa market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,500,000
• Address: 8727 Harney Road
• Market: Tampa
• Lender: Reinsurance Group of America
• Landlord: AGS TRIP Corp
• Brokers: Brian Gaswirth, Chevalier McWilliams & Jimmy Calvo - JLL
• Loan Terms: fixed-rate

JLL Capital Markets played a crucial role in securing financing for AGS TRIP Corp, representing the landlord in this transaction. The involvement of brokers Brian Gaswirth, Chevalier McWilliams, and Jimmy Calvo from JLL signifies the collaboration among professionals to facilitate this loan, reflecting the dynamics of the commercial real estate financing landscape.