Tempo Logistics Heart, Constructing 100. Picture courtesy of JLL
Intersect Improvement Group has bought a 464,000-square-foot industrial constructing located inside Tempo Logistics Heart, in Auburndale, Fla. JLL negotiated on behalf of the vendor and assisted the customer in securing acquisition financing.
In line with Polk County data, BentallGreenOak acquired the property for $50.7 million. The identical supply reveals that Affinius Capital supplied acquisition financing within the type of a refinancing from a portfolio mortgage, maturing in 2025.
Accomplished in 2023, the single-story, cross-dock constructing is positioned at 795 Tempo Highway and consists of 40-foot clear heights, 350 parking spots and a 190-foot truck court docket. Different proposed buildings at Tempo Logistics Heart embrace Buildings 200 and 300, each at 105,600 sq. toes, and a 134,400-square-foot Constructing 400, CommercialEdge knowledge reveals.
Located on a virtually 28-acre lot, Constructing 100 is positioned near Interstate 4 and State Route 557, 22 miles from Lakeland Linder Worldwide Airport, 42 miles from Orlando, Fla., and inside 45 miles of Tampa, Fla.
A JLL Capital Markets Funding Gross sales and Advisory workforce together with Senior Managing Director Britton Burdette, Managing Director Luis Castillo, Director Cody Brais and Analyst Taylor Osborne represented the vendor. The corporate’s Capital Markets Debt Placement workforce of Senior Director Taylor Allison, Managing Director Paul Spellman and Analyst Emma Buch negotiated on behalf of the brand new proprietor.
Final yr, JLL Capital Markets labored on an identical deal within the space, when Oaktree Capital Administration bought a not too long ago accomplished, two-building industrial portfolio totaling 262,200 sq. toes in Orlando.
