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Breed Automotive Secures Financing for Key Safety Campus

NorthMarq Capital Arranges $23.36M JV Equity Financing in Lakeland
January 17, 2018
Breed Automotive of Florida, Inc. secured a $23.36 million, JV equity financing for its planned Key Safety Campus at 5300 Allen K. Breed Hwy in Lakeland, FL.

Bob Hernandez, senior vice president and managing director of NorthMarq Capital’s Tampa office, arranged the financing on behalf of the borrower.

“The transaction is a joint venture to develop an industrial park along the I-4 corridor,” said Hernandez. “The institutional investor and sponsor worked diligently on several structures to finalize the transaction.”

The proposed 1.4 million-square-foot industrial park has two buildings currently in place. Ground-breaking on other parts of the industrial and flex park is expected to take place towards the end of this year. The largest proposed building is expected to be a 491,920-square-foot industrial facility that is estimated to break ground in December of this year.
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