The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 1, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
IDS Real Estate Group Acquires 1.17 msf Cold Storage Facility in Riverside

9/27/22

IDS Real Estate Group has obtained $124 mil in post-close acquisition financing for 14950 Meridian Parkway, a 1.17 msf cold storage facility the firm purchased in Riverside.

The property is 100% leased to United Natural Foods Inc, the largest publicly traded wholesale distributor serving the United States and Canada. This location serves as UNFIs main cold storage facility in Southern California.

Originally completed in 2007 and subsequently renovated and expanded in 2020, the facility is comprised of 39% cold storage and 61% dry storage space with temperature-controlled warehouse space ranging from -10F to +60F. The project offers 42 clear heights, 185 dock doors and approximately 700 parking spaces.

Positioned on 59.4 acres within the Moreno Valley/Perris industrial submarket, 14950 Meridian Pkwy is adjacent to Interstate 215, which provides seamless access to other major thoroughfares. As a result, the property is well positioned to serve Los Angeles, San Diego and the Inland Empire, with access to the entire western U.S.

Matt Stewart and Alethia Halamandaris with JLL Capital Markets arranged the 10-year, fixed-rate loan on behalf of the borrower. The financing was funded through Northwestern Mutual.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media