A joint venture between affiliates of Foundry Commercial and a fund managed by American Realty Advisors secured $57 million in financing for Osprey Logistics Park, a 427,515-square-foot class A industrial park in Broward County, Fla.
JLL worked on behalf of the borrower to secure a floating-rate loan through Synovus.
Completed in 2023, Osprey Logistics Park consists of two state-of-the-art industrial buildings featuring 36-foot clear heights, 180-foot truck courts, 235-foot building depths and 54-foot column spacing.
Located at 12000 NW 39th St. in Coral Springs, the property sits on a 22.2-acre site adjacent to Sawgrass Expressway and Sample Road, providing connectivity to south Florida's major transportation arteries. The park is positioned in an infill location within Broward County.
