First Citizens Bank Provides $52 Million in Financing for Egret Point Logistics Center in Boynton Beach, Florida

Group 1: First Citizens Bank and Financing - First Citizens Bank's Commercial Real Estate business provided $52 million in financing for the construction of Egret Point Logistics Center in Boynton Beach, Florida [1] - The bank specializes in originating and underwriting senior secured real estate financing for various property types [8] - The transaction reflects First Citizens Bank's commitment to supporting customer growth and building long-lasting relationships [16] Group 2: Wheelock Street Capital - Wheelock Street Capital is a private real estate investment firm founded in 2008, with a strong track record of over 15 years [2][13] - The firm has raised eight funds totaling over $5 billion in capital commitments and has deployed over $11 billion in total value [2][13] - Wheelock Street Capital focuses on hands-on investing and has a team with extensive experience in real estate transactions [13] Group 3: Foundry Commercial - Foundry Commercial is a full-service commercial real estate services and investment company, operating across various asset classes [14] - The company is heavily invested in the Sun Belt markets, managing over 68 million square feet and executing transactions worth over $2 billion annually [14] - Foundry's development and investment platform is integrated with its services business, currently invested in over $4.3 billion in joint ventures [7][14] Group 4: Egret Point Logistics Center - Egret Point Logistics Center will consist of two Class-A rear-load industrial buildings totaling 457,110 square feet [17] - The facility features 32-feet clear height ceilings, 104 dock doors, four drive-in doors, and 539 traditional parking spaces [17] - The site is strategically located approximately 3 miles from I-95 access points, catering to the logistics services market [17]