JLL Capital Markets Secures $57M Financing for Osprey Logistics Park in South Florida

Reuters
Aug 12
JLL Capital Markets Secures $57M Financing for Osprey Logistics Park in South Florida

Jones Lang LaSalle Inc. $(JLL)$ Capital Markets has successfully arranged $57 million in financing for Osprey Logistics Park, a newly completed 427,515-square-foot Class A industrial park located in Broward County, Florida. Completed in 2023, the park comprises two state-of-the-art buildings with modern industrial features such as 36-foot clear heights and 180-foot truck courts. Situated on a 22.2-acre site, the park offers excellent connectivity to South Florida's major transportation routes. The financing was secured on behalf of a joint venture between Foundry Commercial and American Realty Advisors, with JLL working to obtain a floating-rate loan through Synovus. This transaction highlights the strategic infill location's potential for future growth due to its best-in-class specifications and the sponsors' extensive market expertise.

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