**Coral Springs Industrial Park Secures $57M Financing**
A joint venture between Foundry Commercial and a fund managed by American Realty Advisors has secured $57 million in financing for Osprey Logistics Park, a newly developed, 427,515-square-foot Class A industrial development located in Broward County, Florida.
JLL represented the borrowers to arrange a floating-rate loan through Synovus.
Completed in 2023, Osprey Logistics Park features two state-of-the-art industrial buildings situated on a 22.2-acre parcel at 12000 NW 39th Street in Coral Springs. The site offers convenient access to major transportation corridors, including the Sawgrass Expressway and Sample Road.
The JLL Capital Markets team was led by Steven Klein, Melissa Rose, Nicole Barba, and Preston Bacon.
“This financing package supports a truly rare industrial asset in a market with virtually no developable land remaining and zero vacancy among modern buildings,” said Melissa Rose of JLL.
Osprey Logistics Park stands out in the South Florida industrial market for its strategic location and modern specifications, emphasizing the ongoing demand for premier logistics space in high-barrier-to-entry locations.
