JLL Capital Arranges $45M Refinance Loan For Midtown West Office Property In Tampa | 1150 Assembly Drive | Matthew Casey, Lee Weaver, Ed Coco | Office | Loan

Summary

Loan

FLORIDA

Office

430,000 sqft

A joint venture between Highwoods Properties and The Bromley Companies has secured a $45 million loan for the Midtown West office property in Tampa. The eight-story, fully leased office building is located at 1150 Assembly Drive and is part of the Midtown Tampa development. Spanning 430,000 square feet with 22 acres of land, the property offers a prime location in the Tampa market.

Summary of transaction details

Property Type: Office
Transaction Amount: $45,000,000
Address: 1150 Assembly Drive
Market: Tampa
Asset Type: Office
Square Footage: 430,000
Acres: 22

The loan was arranged by JLL Capital Markets and secured financing from New York Life Insurance Company. The lender's representative, Craig Desanto, facilitated the transaction. The property is owned by two landlords: Ted Klinck representing Highwoods Properties and Nicholas Haines representing The Bromley Companies. The deal was overseen by brokers Ed Coco, Lee Weaver, and Matthew Casey of JLL.

Players

All
4

Agents
3
Agencies
1

Matthew Casey

Managing Director

Lee Weaver

Vice President & Managing Director

$70.6M Sold

Ed Coco

Senior Managing Director, Atlanta & Nashville Office Co-Head

$256.4M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: Nicholas Haines, Ted Klinck, Craig Desanto, Ed Coco, Lee Weaver & Matthew Casey DATE: 11/01/2023 ADDRESS: 1150 Assembly Drive MARKET: Tampa ASSET TYPE: Office ~ SF: 430,000 ~ ACRES: 22 LENDER: New York Life (@NewYorkLife) - Craig Desanto LANDLORD: Highwoods Properties (@HighwoodsProperties) - Ted Klinck; The Bromley Companies - Nicholas Haines BROKERS: Ed Coco, Lee Weaver & Matthew Casey - JLL (@JLL) LOAN AMOUNT: $45,000,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets has arranged a $45 million loan for the Midtown West office property in Tampa, owned by a joint venture between Highwoods Properties and The Bromley Companies. The eight-story, fully leased office building is part of the Midtown Tampa development and secured financing from New York Life Insurance Company.

View on map

Address1150 Assembly Drive

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want