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Florida & Gulf Coast  + Central Florida  + Industrial  |  July 12, 2024
Clarion scores $54M refi for industrial portfolio
Mike Boyd
By: Mike Boyd

Clarion Obtains Tampa Warehouse Portfolio Refi

Clarion Partners has secured $52.3 million in post-acquisition financing for the Tampa Airport Logistics portfolio, which includes three warehouse/distribution buildings located at 5450 Johns Rd., 5416 W Sligh Ave. and 6290 Hoover Blvd. in Tampa’s Airport submarket. Tampa Airport Logistics portfolio totals 542,254 square feet and was built between 2022 and 2024. The collection of three warehouse/distribution buildings is fully leased, and being recently built provides a strategic advantage over similar industrial portfolios in the area.

Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the fixed-rate loan through PGIM Real Estate on behalf of Clarion. 

“We had a very competitive process for this low-leverage loan on the newest industrial buildings in Tampa’s airport submarket,” said Hochman at Cushman & Wakefield.  

Read More News Stories About: PGIM
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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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