Delray Beach, FL — Crestline Investors, Inc. (“Crestline”) is pleased to announce the closing of a senior secured credit facility with Shepherd Realty Capital to support the construction of a 112,000 SF Class-A industrial building in Delray Beach, Florida, to be 100% leased by Zippy Shell.
Zippy Shell is a national moving and storage container service company in the United States, experiencing significant growth driven by increasing demand for flexible storage solutions. The building will feature Class-A specifications, including expansive truck court depths, 48 trailer parking spaces, 32-foot clear heights, a rear-load configuration, and dedicated office build-out space.
“We’re pleased to partner with the Shepherd team as an established sponsor, on an asset already secured by a premium lease with a high-quality brand and leading storage service provider. Shepherd’s specialized expertise in industrial development is instrumental to the successful execution of this project,” stated Seb Trujillo, Vice President at Crestline.
“Crestline’s ability to deliver capital with speed and certainty through this process was critical in keeping our development on schedule,” added John Conley, Principal at Shepherd Realty Capital. “Their partnership enabled us to maintain project momentum and position this property for timely completion.”
About Shepherd Realty Capital
Shepherd Realty Capital is a boutique real estate investment firm based in Bethesda, MD, specializing in the acquisition and development of industrial, self-storage, multifamily, and office properties with asymmetric risk/return profiles. For more information, visit www.shepherdrealtycapital.com.
About Crestline Investors
Crestline Investors, Inc. is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $18 billion of credit assets under management (as of June 30, 2025) including its opportunistic, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
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