BGFP International Secures $77 Million Refinance Loan For Cold Storage Facility In Jacksonville

The property involved in this transaction is an industrial asset located at 8730 Sommers Road South, Jacksonville. The facility encompasses 274,692 square feet and has been recently developed as a cold storage facility. It was completed in April 2025 and is fully leased to FreezPak Logistics, a national leader in third-party food logistics.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $77,000,000
• Loan Type: Refinance
• Lender: Charlie Hurst & Christopher Porter - PGIM Real Estate
• Landlord: BGFP International
• Landlord's Representative: Tyler Huffman - Bg Capital

The financing deal was closed by BGFP International, a joint venture between BG Capital and Saoud Development, which secured $77 million in core loan financing. The refinancing was facilitated by Tyler Huffman, who serves as Vice President at BG Capital, representing the landlord in this transaction.