Osprey Logistics Park in Coral Springs secures major 57 million dollar loan to support growth and operations
Coral Springs, Florida – The two-year-old Osprey Logistics Park in Coral Springs has taken a major step forward, securing a $57 million refinancing loan that is expected to strengthen its financial footing and support future operations. The refinancing was arranged by JLL Capital Markets on behalf of the park’s owners, a joint venture between Foundry Commercial and a fund managed by American Realty Advisors.
The industrial park, located at 12000 NW 39th Street, is part of the Commerce Park of Coral Springs on the city’s west end. Completed in 2023, Osprey Logistics Park spans 427,515 square feet of modern industrial space. Since its opening, the property has attracted high-profile tenants, including CTS Engines, a company specializing in jet engine maintenance and repair. City officials celebrated the company’s move to Coral Springs, noting the economic benefits and job opportunities it has brought to the area.
“This refinancing demonstrates confidence in the long-term success of Osprey Logistics Park and the continued growth of Coral Springs as a hub for industrial and logistics businesses,” said a representative from JLL Capital Markets. The $57 million loan is expected to provide financial flexibility for ongoing improvements and operational stability, reinforcing the park’s position in the local industrial market.
The Osprey Logistics Park sits on a 22-acre property and was designed to meet the needs of growing businesses requiring substantial warehouse and industrial space. Since its opening, the park has become a vital part of Coral Springs’ commercial landscape, offering modern facilities and convenient access to the city’s transportation network.
Officials from Foundry Commercial and American Realty Advisors highlighted the park’s strategic location and tenant base as key factors in attracting refinancing support. The partnership aims to continue developing the property in a way that supports local economic growth while maintaining high standards for industrial operations.
The refinancing comes at a time when the industrial real estate market in South Florida is seeing significant activity, with investors and developers seeking well-located, high-quality properties to meet increasing demand. Osprey Logistics Park’s strong tenant profile and modern facilities make it a standout asset in Coral Springs and the surrounding region.
City leaders and business representatives view the refinancing as a positive signal for future growth, both for the park itself and for Coral Springs as a whole. The successful financing ensures that Osprey Logistics Park will remain a key player in the region’s industrial sector for years to come, supporting local employment and commercial development.
