Altman Logistics Properties, in partnership with FRP Development Corp., has secured $16 million in construction financing for Apex Logistics at Lakeland, a 202,000-square-foot, Class A logistics development, in Central Florida.
The financing, provided by Seacoast Bank, will support the redevelopment of a 22.5-acre site along the I-4 Corridor, replacing a recently demolished office building. Sitework is set to begin in the first quarter, with vertical construction expected later this year and completion targeted for early 2026.
The JLL Capital Markets team of Melissa Rose, Michael DiCosimo and Val McWilliams arranged the financing, on behalf of the joint venture.
Apex Logistics at Lakeland is positioned within 50 miles of both Tampa Bay and Orlando, offering a prime location for last-mile distribution and logistics operations.
The project is part of Altman Logistics Properties’ broader expansion strategy, which includes the Apex Logistics Park at Signature Grand, in Davie, and the ongoing development of Apex Logistics Park at Delray, in South Florida.