Wachovia Funds Three Jones Lang LaSalle/Sandler Projects

MIRAMAR, FL-The Atlanta bank is providing a total $24 million in construction loans for two warehouses and an office building here in Broward County, 30 miles north of Downtown Miami.

By Alex Finkelstein | Updated on November 20, 2000

MIRAMAR, FL-Atlanta-based Wachovia Bank is funding the construction of two warehouses and an office building being developed jointly in the Country Lakes development here by landowner L.M. Sandler & Sons and Chicago-based Jones Lang LaSalle Development Inc.

The $24 million financing package comprises $5.04 million for the Miramar Service Center I Ltd., a planned warehouse at 2501 SW 160th Ave.; $6.2 million for the Miramar Flex Three Ltd. warehouse at 15800 SW 25th St.; and $12.75 million for an office building owned by Miramar Office A Ltd. at Interstate 75 and Miramar Parkway. General contractor Itasca Construction Associates is building the three projects.

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