{"id":36787,"date":"2025-11-07T02:56:26","date_gmt":"2025-11-07T02:56:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/36787\/"},"modified":"2025-11-07T02:56:26","modified_gmt":"2025-11-07T02:56:26","slug":"shelter-growth-capital-partners-lends-25m-for-jacksonville-industrial-buy-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/36787\/","title":{"rendered":"Shelter Growth Capital Partners Lends $25M for Jacksonville Industrial Buy \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/wasa-properties\/\" title=\"Wasa Properties\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Wasa Properties<\/a> has landed $25.3 million of acquisition financing for the purchase of an industrial portfolio in Jacksonville, Fla., Commercial Observer has learned.<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/shelter-growth-capital-partners\/\" title=\"Shelter Growth Capital Partners\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Shelter Growth Capital Partners<\/a> supplied the loan for Wasa\u2019s acquisition of three small-bay industrial assets spanning a total of more than 265,000 square feet.\u00a0<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2025\/11\/walker-dunlop-chicago-apartments\/\" rel=\"nofollow noopener\" target=\"_blank\">Walker &amp; Dunlop Investment Partners Provides $50M Refi for Chicago-Area Apartments<\/a><\/p>\n<p>Wasa, a New York City-based real estate investment firm, was founded by Morty Bistritzky in 2004. Stamford, Conn.-based Shelter Growth is led by Dan Sparks, who previously spent nearly two decades in the fixed-income division at Goldman Sachs.\u00a0<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/baybridge-real-estate-capital\/\" title=\"BayBridge Real Estate Capital\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">BayBridge Real Estate Capital<\/a> arranged the transaction with a team consisting of Yan Khamish, Jay Miller, Noah Rothman, Spencer Miller and AJ Felberbaum.\u00a0<\/p>\n<p>The portfolio consists of 8535 Baymeadows Road and 1210 Phillips Industrial Boulevard, which Wasa acquired for $28.2 million from A-B Distributors, as Traded previously <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/traded.co\/deals\/florida\/industrial\/sale\/11210-phillips-industrial-boulevard\/\">reported<\/a>. The loan also covers 280 Business Park Circle in Saint Augustine, Fla., 30 miles south of Jacksonville, which Wasa bought for an undisclosed price.<\/p>\n<p>Officials at Shelter Growth Capital Partners, Wasa Properties and BayBridge did not immediately return requests for comment.<\/p>\n<p>Andrew Coen can be reached at <a href=\"https:\/\/commercialobserver.com\/2025\/11\/jacksonville-industrial-acquisition\/mailto:acoen@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">acoen@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Wasa Properties has landed $25.3 million of acquisition financing for the purchase of an industrial portfolio in Jacksonville,&hellip;\n","protected":false},"author":2,"featured_media":36788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[25337,116,118,117,25338,25339,25340,25341],"class_list":["post-36787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-aj-felberbaum","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news","tag-jay-miller","tag-noah-rothman","tag-spencer-miller","tag-yan-khamish"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/36787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=36787"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/36787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/36788"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=36787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=36787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=36787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}