JLL Capital Markets closed the sale and financing of Building 100, a 464,400-square-foot cross-dock distribution facility located at Pace Logistics Center in Auburndale, FL. JLL represented the seller – Intersect Development Group – and worked on behalf of the new buyer to secure acquisition financing.
Completed in 2023, Building Facility 100 features 40-foot clear heights; a 60-foot speed bay; dock levelers; a 450-foot building depth; and a 185 – 190 foot truck court. The 30-acre site is situated between Tampa & Orlando with easy access to Interstate 4 as well as State Routes 557 & 33.
Led by managing director Luis Castillo (Investment Sales & Advisory), senior managing director Britton Burdette (Investment Sales & Advisory), director Cody Brais (Investment Sales& Advisory), and analyst Taylor Osborne (Investment Sales& Advisory); JLL successfully closed this transaction for both parties involved. Additionally led by managing director Paul Spellman (Debt Placement), senior Director Taylor Allison (Debt Placement) and analyst Emma Buch (Debt Placement); JLL secured acquisition financing for the new owner.
