A joint venture between Wheelock Street Capital and Foundry Commercial announced it secured $52 million for the construction of Egret Point Logistics Center in Boynton Beach, Fla. First Citizens Bank provided the financing.
Located at 3800 S. Congress Ave., Egret Point Logistics Center will consist of two class-A, rear-load industrial buildings aggregating 457,110 square feet, featuring 32-feet clear height ceilings,104 dock doors, four drive-in doors and 539 traditional parking spaces. The site is located roughly three miles from the Interstate 95 north and south access points.
“Our new facility is situated in an excellent location within busy and growing market for logistics services,” said Ted Elam, principal at Foundry Commercial. “We appreciated the expertise of the First Citizens Commercial Real Estate team in securing this construction financing.”
JLL’s Capital Markets team represented Wheelock Street Capital and Foundry Commercial in the transa
