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 located two miles from downtown Tampa and Port Tampa Bay. Representing the borrower Sansone Group, JLL secured the three-year floating rate loan through a local bank while arranging the joint venture equity partnership with BentallGreenOak.
The 7.27 acre site at 3601 East 3rd Ave features 45 foot clear heights, 11666 pallet positions with temperature capabilities ranging from -10ºF to 34ºF as well as 17 dock doors and freon split cooling system for optimal performance of stored goods. The property is conveniently situated next to CSX railway line 2.7 miles away from CSX Intermodal Terminal and 11 miles away from Tampa International Airport providing easy access for transportation of goods both locally or internationally .
John Huguenard (Senior Managing Director), Luis Castillo (Managing Director) Melissa Rose (Managing Director) & Michael DiCosimo (Director) led JLL’s Capital Markets Debt Advisory team on this project successfully delivering financial solutions that met all requirements set by Sansone Group & BentallGreenOak .
