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Seagis Obtains Refinancing for Two Florida Industrial Properties
Seagis Property Group procured $102 million in financing for three newly completed warehouse distribution centers, two in South Florida and one in New Jersey, encompassing 495,674 square feet. Nationwide provided a seven-year, fixed-rate, interest-only loan.
The property, located at 1700 Eller Drive in Hollywood, is a 199,643-square-foot facility with direct access to Port Everglades and just east of Fort Lauderdale-Hollywood International Airport. The second asset is a 117,831-square-foot warehouse at 8315 NW 27th Street in Doral, Florida, located near Miami International Airport within the Transal Park.
The assets were constructed between 2023 and 2024. These facilities feature 32- to 40-foot clear heights, ample truck and car parking, optimized building depths and numerous loading doors to meet the high demands of top tenants.
JLL secured the loan on behalf of Seagis. Jim Cadranell, Gregory Nalbandian and Michael Lachs led the JLL Debt Advisory team.
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- ◦Financing
