Truist Financial Provides $18.5M Construction Loan For Development Site In Fort Pierce | 3800 Crossroads Parkway | Truist Bank | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

211,547 sqft

The development site located at 3800 Crossroads Pkwy in Fort Pierce has been involved in a closed transaction. The property is a development site with a building square footage (BSF) of 211,547. The transaction took place on June 17, 2022.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $18,500,000
Market: Fort Pierce

Truist Financial served as the lender for the transaction, providing a construction loan. JBL MGMT, represented by Jacob Khotoveli, and Avenue Property Group, represented by Daniel Gohari, acted as the landlords in the deal. The loan amount for the transaction was $18,500,000.

The Interstate Commerce Center, located at 3800 Crossroads Pkwy, is expected to be completed in the first quarter of 2023. The facility will be a class A industrial facility. For leasing information, interested parties can reach out to Christopher Thomson at [email protected] or call 561-227-2019, or contact Chris Metzger at [email protected] or call 954-415-9155.

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Details

Deal Summary

FINANCED

IMAGE: Daniel Gohari & Jacob Khotoveli DATE: 06/17/2022 ADDRESS: 3800 Crossroads Pkwy MARKET: Fort Pierce ASSET TYPE: Development Site ~ BSF: 211,547 LENDER: Truist Financial LANDLORD: JBL MGMT - Jacob Khotoveli & Avenue Property Group - Daniel Gohari (@Daniel_Gohari) LOAN AMOUNT: $18,500,000 LOAN TYPE: Construction NOTE FROM LANDLORD: Interstate Commerce Center will be a class A industrial facility, slated to be completed Q1 2023. For leasing information please reach out to Christopher Thomson, [email protected] 561-227-2019 or Chris Metzger, [email protected] 954-415-9155

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Address3800 Crossroads Parkway

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