December 10, 2019
Palm Beach, Florida-based commercial lender Trez Forman Capital has provided a $38.8 million loan for the contruction of two speculative industrial buildings totaling 776,820 square feet in Northern Kentucky.
The two warehouse and distribution centers are planned for the 55-acre Logistics Park 75, located at 415 Jones Rd. in Walton, Kentucky, which is approximately 20 miles south of Cincinnati. Proceeds of the loan will be used to help fund the cost to build both structures on one of five lots that comprises the 55-acre park. The larger building will be 544,320 square feet and feature two tenant bays of equal size. The second is slated for 232,500 square feet, also with two bays of the same size.
Trez Forman CEO Brett Forman and Russ Holland, managing director of the firm’s Atlanta office, originated the loan. The borrower is SFG Walton KY, LLC.
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