Tampa, Fla. (May 10, 2021) – Berkadia announces it has arranged $25 million in refinancing for a three-property industrial/flex portfolio throughout Tampa and Orlando. Managing Director Brad Williamson of Berkadia Miami arranged the financing on behalf of Z Asset Management, a Miami Beach-based private real estate firm backed by founder Greg Zeifman.
Voya originated the 7-year loan with a 2.73 fixed rate.
“Central Florida is becoming one of the most advantageous locations for logistics in the state, bringing distributors within proximity to the state’s largest metros,” said Williamson. “The sponsor was able to identify this and hold onto a portfolio with favorable market fundamentals that support the demand for industrial/flex properties.”
The properties in the portfolio include:
- Brandon Commerce Center, a 105,110-square-foot industrial park located at 333 N Falkenburg Road in east Tampa. Built in 1984, the property encompasses six buildings and 32 drive-in bays.
- 56th Street Commerce Park, a 181,115-square-foot industrial park situated at 4302 56th Commerce Park Boulevard in Tampa. Built in 1984, the property encompasses seven buildings near the Northview Hills neighborhood of Tampa.
- Kirkman Commerce Center, a 124,016-square-foot industrial park located at 701 Kirkman Road in Orlando. Built in 1974, the property encompasses five buildings near the Timberleaf neighborhood of Orlando.
Z Asset Management, founded by Greg Zeifman and based in Miami Beach, owns and operates over a million square feet of industrial properties throughout the state of Florida.