CBRE has successfully arranged a $61.3 million loan for Building 800 at Florida Gateway Logistics Park in Jacksonville, Florida. The newly built warehouse, spanning 1 million square feet and fully leased to a third-party logistics company, was completed in 2023.
The borrower, Hillwood Investment Properties based in Dallas, was represented by CBRE Capital Markets’ Debt & Structured Finance team including Brian Linnihan, Mike Ryan Richard Henry and Taylor Crowder from Atlanta. The loan was secured through KKR.
Situated on approximately 52 acres at 9909 Pritchard Rd., the state-of-the-art facility boasts impressive features such as clear heights of up to 40 feet and cross-dock loading capabilities. It also offers ample parking with space for up to290 trailers and511 cars. This building is part of the larger Florida Gateway Logistics Park which will ultimately include seven buildings totaling over3.1 million square feet of industrial space upon completion.
Hillwood specializes in developing distribution centers,e-commerce facilities,and logistics centers for their industrial clients across various industries.Their focus on providing top-notch properties makes them an ideal partner for businesses looking to expand their operations.
In summary:
– CBRE facilitated a $61.3 million loan for Building 800 at Florida Gateway Logistics Park.
– The fully leased warehouse spans one million square feet and is located in Jacksonville.
– Hillwood Investment Properties from Dallas was represented by CBRE’s Debt & Structured Finance team.
– KKR provided the financing for this project.
– Completed in2023,the building sits on approximately52 acresand features impressive amenities such as40-foot clear heights,cross-dock loading capabilities,and ample parking with roomfor290 trailersand511 cars.ItispartofthebroaderFloridaGatewayLogisticsParkwhichwillultimatelyinclude7buildingswithover31million-square-feetofindustrialspaceuponcompletion.Hillwoodspecializesindistributioncenters,e-commercefacilities,andlogisticscentersfortheirindustrialclients.
