Commercial Real Estate, Capital, Insurance, Leasing & Management

TBBJ: Atlanta developer closes on land, secures $44M construction loan for Home Depot’s new Hillsborough warehouse

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An Atlanta developer is moving forward with plans for a Home Depot Inc. warehouse in South Hillsborough County.

Seefried Industrial Properties paid $9.6 million for 65.6 acres off of Big Bend Road in Gibsonton in a deal that closed in early August, according to Hillsborough County property records. Franklin Street’s Pat Kelly represented the seller in the sale.

Truist Bank provided a $44 million construction loan, mortgage documents show.

Home Depot (NYSE: HD) has signed a lease for a 402,156-square-foot warehouse on the site at 7075 U.S. Highway 41 S, according to documents filed with the county.

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