Berkadia Arranges $40.7M Construction Loans for Infrastructure & Spec Warehouse at Major Central Florida Industrial Park
Lakeland, Florida – December 16, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announces that it secured a $40.67 million construction loan to fund Phase II infrastructure and speculative warehouse development at Lakeland Central Park, a 740-acre master-planned industrial park in Lakeland, Florida.
Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson of Berkadia Miami secured the financing on behalf of Parkway Property Investments of Orlando and Silverpeak Real Estate Partners of New York.
A floating-rate, 36-month loan was provided by a syndicate of three regional banks. Loan proceeds will support full infrastructure buildout for Phase II – 250 net acres entitled for 3 million buildable square feet – as well as construction of a 261,000-square-foot spec warehouse (Building 300). The transaction closed November 14.
Located at 1415 Winston Park Blvd, Lakeland Central Park sits at the geographic center of Florida’s logistics network, offering direct connectivity to I-4, the Polk Parkway, US 27, I-75, the Florida Turnpike, SR 98, and SR 60. The location enables distribution operators to complete same-day round trips to most of Florida’s population.
Since acquiring the site in an off-market transaction in December 2019, Parkway and Silverpeak have advanced a phased development strategy beginning with Phase I infrastructure and the delivery of a 705,000-square-foot, Class A cross-dock facility (Building 200). That building recently sold to a global, credit-rated furniture manufacturer and retailer.
“The strength of the sponsorship, combined with the recent sale of Building 200, demonstrated the unmistakable value of this location, allowing us to structure a loan uniquely situated for the future development of the park,” said Foschini. “Phase II is the next step in transforming Lakeland Central Park into one of Florida’s premier industrial hubs. With scalable entitlements, fully modern infrastructure, and unmatched regional access, the park is positioned without peer to serve the accelerating demand from logistics and distribution users across the state.”
Parkway is a privately held real estate investment firm specializing in office, industrial, and multifamily assets in high-growth Sunbelt markets. With a legacy of success spanning decades, Parkway has acquired over $4 billion in diversified assets and continues to deliver exceptional results through its comprehensive, full-service platform. The firm currently has 15 million square feet of assets under management.
Silverpeak Real Estate Partners is a U.S.-focused real estate investment firm specializing in the acquisition and management of real estate investments across various funds, joint ventures, and separate accounts. Since inception in 2010, Silverpeak and its investment partners have acquired over 300 investments totaling more than $24 billion in gross asset value across property types and geographies.
$750M Lakeland Industrial Park Kicks off Next Phase | Tampa Bay Business Journal
Lakeland Developers Snag $40.67M Financing for 261k sf Warehouse | Connect Media
Parkway Breaks Ground on Phase II of Lakeland Central Park | Real Estate Business Online