Seagis Property Group has successfully secured $102 million in financing for three newly completed warehouse distribution centers. These centers, located in South Florida and New Jersey, cover a total of 495,674 square feet. The loan was provided by Nationwide and is fixed-rate with a seven-year term and interest-only payments.
One of the properties is situated at 1700 Eller Drive in Hollywood, covering an area of 199,643 square feet. It offers direct access to Port Everglades and is conveniently located near Fort Lauderdale-Hollywood International Airport. The second property covers an area of 117,831 square feet and can be found at 8315 NW 27th Street in Doral, Florida within the Transal Park near Miami International Airport.
Both properties were recently constructed between the years of 2023-2024. They feature high clear heights ranging from32 to40 feet as well as ample truck parking space for tenants’ convenience.The buildings also have optimized depths for efficient use along with multiple loading doors to cater to top tenant needs.
JLL acted on behalf of Seagis Property Group during this refinancing process.Jim Cadranell,Gregory Nalbandian,and Michael Lachs led JLL’s Debt Advisory team throughout this transaction.
The post highlights how Seagis Property Group successfully obtained $102 million financing for their three new warehouse distribution centers spanning across South Florida and New Jersey totaling over half a million square feet.These facilities offer various amenities such as convenient access points,nearby airports,and optimized building features that meet high tenant demands.JLL played a key role by securing this loan on behalfofSeagis through their experienced Debt Advisory team consistingofJim Cadranell,Gregory Nalbandian,and Michael Lachs.This successful refinancing showcases Seagi’s commitment towards providing top-notch industrial spacesfortheir clients while also highlighting JLL’s expertiseinthe commercial real estate industry.
