JLL Capital Arranges $45M Refinance Loan For Midtown West Office Property In Tampa

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.