Foundry Commercial and American Realty Advisors secure $57M loan for South Florida logistics facility

MIAMI, Aug. 11, 2025 – JLL Capital Markets announced today that it has arranged $57 million in financing for Osprey Logistics Park, a 427,515-square-foot Class A industrial park in Broward County, Florida.

JLL worked on behalf of the borrower, a joint venture between affiliates of Foundry Commercial and a fund managed by American Realty Advisors (ARA), 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. Coral Springs, Florida, the property sits on a 22.2-acre site adjacent to Sawgrass Expressway and Sample Road, providing exceptional connectivity to South Florida's major transportation arteries. The park is strategically positioned in an infill location within Broward County, Florida's second most populous and fourth fastest-growing county.

The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Steven Klein and Melissa Rose, Associate Nicole Barba and Analyst Preston Bacon.

"This financing package supports a truly rare industrial asset in a market with virtually no developable land remaining and zero vacancy among modern buildings," said Rose. "With this extreme supply constraint, the property's best-in-class specifications and the sponsors' deep market expertise, we are confident that this asset is positioned for future growth."

Klein added, "We are proud to have secured this financing on behalf of Foundry Commercial and American Realty Advisors, two best-in-class sponsors with extensive development experience throughout South Florida. Their proven track record of delivering institutional-quality industrial assets was instrumental in structuring favorable terms with Synovus."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 4,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and over 4,590 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and is currently invested in over $4.8 billion in joint ventures with many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com.

American Realty Advisors (ARA) is a private equity real estate investment manager of institutional quality commercial real estate portfolios with more than 600 investors and over $11.0 billion in assets under management*. ARA is 100% employee owned and client focused. For more information, visit www.aracapital.com.

*preliminary as of June 30, 2025.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $61 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. As of June 30, 2025, Synovus has 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.