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10/13/17
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Clarion Partners has obtained $105 mil in financing on The Brickyard, a fully leased, two-building, Class A, LEED Gold industrial facility totaling approximately 1 msf in the Los Angeles-area community of Compton. Developed in 2016, the property is fully leased to UPS and Best Buy, which are under long-term leases.
Situated on 56 acres at 1701 North Central and 1430 McKinley Avenues, The Brickyard is located in the heart of Los Angeles’ South Bay Industrial submarket, one of the top industrial submarkets in the country. It is strategically located along the Alameda Corridor, a 20-mile freight rail expressway that directly connects the transcontinental rail network near downtown Los Angeles to the Ports of Los Angeles and Long Beach.
Bruce Ganong, Steven Paskover and Bercut Smith with HFF arranged the floating-rate loan, which was funded through a foreign bank.
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