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Florida & Gulf Coast  + Central Florida  + Industrial  |  March 12, 2025
Altmans secures construction loan for Lakeland warehouse
Mike Boyd
By: Mike Boyd

Altman Obtains Financing for Lakeland Warehouse

Altman closed on $16 million in construction debt financing for the development of Apex Logistics at Lakeland in Lakeland, Florida. The project is a joint venture between Altman Logistics Properties and FRP Development Corp.

Seacoast Bank is providing the financing. Melissa Rose, Michael DiCosimo, and Val McWilliams of the JLL Capital Markets team assisted the joint venture with the financing.

Apex Logistics at Lakeland is expected to consist of approximately 202,000 square feet of Class A logistics space across 22.5 acres, replacing a recently demolished single-story office building. 

Sitework on the new infill logistics warehouse development is expected to commence in the first quarter. Plans to go vertical later this fall and a projected substantial completion slated for the first quarter of 2026 are also in place.

Another joint venture between Altman Logistics Properties and FRP Development Corp. is currently developing Apex Logistics Park at Signature Grand in Davie.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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