Waterloo Partners And ICM Asset Management Secure $40M Construction Financing For River Park 10 In Jackson

New York City-based real estate firms Waterloo Partners and ICM Asset Management have secured a $40 million construction loan for River Park 10, a speculative industrial project in Jackson, Georgia. The development site spans 825,000 square feet and is located at 750 Logistics Center Parkway, approximately 50 miles south of Atlanta. Trustmark National Bank and Coastal State Bank served as the lenders for this transaction.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $40,000,000
• Date: 12/01/2023
• Address: 750 Logistics Center Parkway
• Market: Jackson, GA
• Landlord: Brad Jancik - Waterloo Partners & David Vankka - ICM Asset Management
• Lender: Trustmark National Bank & Coastal State Bank
• Loan Type: Construction

This financing deal was secured by Brad Jancik of Waterloo Partners and David Vankka of ICM Asset Management. The construction loan will support the development of River Park 10, a speculative industrial project located in the growing market of Jackson, Georgia. The project is expected to play a significant role in meeting the increasing demand for industrial space in the area.