Jacksonville, FL
CBRE Arranges Financing for Fully Leased Warehouse in Jacksonville, Florida
October 7, 2024
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CBRE has facilitated a $61.3 million loan for Florida Gateway Logistics Park – Building 800, a fully leased and newly built 1 million-square-foot warehouse in Jacksonville, Florida.
Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, Dallas-based Hillwood Investment Properties. The loan was secured through KKR.
Located at 9909 Pritchard Rd. in Jacksonville, the 1 million-sq.-ft. warehouse sits on approximately 52 acres, was completed in 2023, and is fully leased to a single third-party logistics company. The building features 40-foot clear heights, cross-dock loading, 290 trailer spaces and, 511 auto parking spots. It is part of the broader Florida Gateway Logistics Park, which at full buildout is expected to include 3.1 million sq. ft. of industrial space across seven buildings.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.