The developer of a Doral industrial facility received a $15 million construction loan.
Regions Bank gave the mortgage to PR/KVRG Transal Park, which is tied to Tampa-based KVRG Developers. Ross Kirk is identified in loan documents as the company’s managing member. PR/KVRG acquired the 11.65-acre site for $7.2 million in May 2013.
Construction of a nearly 218,000-square-foot industrial complex is underway, according to the South Florida Business Journal. The facility is being built on the northwest corner of Northwest 27th Street and 82nd Avenue. [South Florida Business Journal] — Eric Kalis