JLL Capital Markets has arranged $26.6 million in financing and $13 million in joint venture equity to develop Tampa Cold Logistics, a 108,554-square-foot cold storage facility in Tampa, FL.
JLL represented the borrower, Sansone Group, in securing the three-year, floating-rate loan through a local bank. JLL arranged the joint venture equity partnership with BentallGreenOak.
Tampa Cold Logistics will feature 45-foot clear heights, 11,666 pallet positions, -10ºF to 34ºF temperature capabilities, 17 dock doors, and a freon split cooling system.
The 7.27-acre site at 3601 East 3rd Ave. is two miles from downtown Tampa and Port Tampa Bay. It is adjacent to the CSX railway, 2.7 miles from the CSX Intermodal Tampa terminal and 11 miles from the Tampa International Airport.
The JLL Capital Markets Debt Advisory team was led by Senior Managing Director John Huguenard, Managing Directors Luis Castillo and Melissa Rose and Director Michael DiCosimo.