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Florida & Gulf Coast  + Florida  + Industrial  | 

Xebec Secures Construction Financing for Florida Spec Logistics

Dekel Capital arranged $34.3 million in construction financing for a speculative 537,000-square-foot Class-A logistics facility in Lakeland, FL, on behalf of Texas-based industrial developer Xebec. The 36-month interest-only financing was originated by a pension fund advisor and consists of a senior note and mezzanine debt, resulting in financing of 85% LTC.

Dekel Principal Shlomi Ronen says, “This is the third financing we’ve sourced for Xebec over the past several years. Due to their previous relationship with this best-in-class sponsor, the lender was confident with Xebec’s ability to execute its business plan in the very strategic Interstate-4 industrial corridor that serves Tampa and Orlando. As a result, we were able to secure a high leverage loan at very attractive pricing.”

Xebec will begin construction on the Lakeland development in January on a 60-acre site along Interstate-4 near Lakeland Hills Boulevard. A fourth quarter 2019 delivery is planned for the single-tenant cross dock bulk logistics facility.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development