JLL Capital Markets has successfully 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 in Tampa, FL. Representing the borrower Sansone Group, JLL secured the three-year floating rate loan through a local bank and facilitated the joint venture equity partnership with BentallGreenOak.
Tampa Cold Logistics will feature 45 foot clear heights; 11,666 pallet positions; temperature capabilities ranging from -10ºF to 34ºF; 17 dock doors; and a freon split cooling system. Situated on 7.27 acres at 3601 East 3rd Ave., it is two miles from downtown Tampa and Port Tampa Bay as well as 2.7 miles away from CSX Intermodal Terminal while being only 11 miles away from the nearby airport of Tampa International Airport .
The JLL Capital Markets Debt Advisory team was led by Senior Managing Director John Huguenard along with Managing Directors Luis Castillo and Melissa Rose plus Director Michael DiCosimo who all worked together to make this project come alive for their client Sansone Group .
