PetroCal Associates Completes Dual Real Estate and Financing Mandate for Tommy's Express Car Wash in Orlando
PetroCal Associates has successfully executed a dual advisory mandate to facilitate the development of a new Tommy's Express Car Wash at O-Town West, a $1 billion mixed-use project by Unicorp National Developments. The firm provided both tenant representation and construction financing for the state-of-the-art car wash located in Orlando, Florida. This collaboration reflects an increasing trend among operators who seek integrated real estate and capital solutions to navigate challenging credit markets. The new Tommy's Express Car Wash will feature advanced technology and a modern design tailored to serve vehicles of all types. The project was praised by both the operator and Unicorp for its complexity, with PetroCal’s leadership credited for their expertise in deal structuring and problem-solving. CEO Reuven Birnkrant highlighted how this approach accelerates timelines and ensures optimal outcomes. PetroCal Associates has a long-standing relationship with Tommy's Express Car Wash operators, having arranged financing for multiple projects over the past decade. The opening of the new car wash is expected in the fall.
Topics: car wash construction financing real estate development