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December 15, 2017
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INLAND EMPIRE NEWS
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Allianz Real Estate Wraps Up $55 Mil Refi on Riverside Property

9/15/17

Allianz Real Estate of America recently completed a $55 mil refinance of a 507k sf, state-of-the-art, LEED-certified cold storage facility in the city of Riverside. The property is located at 1001 Columbia Ave, east of I-215 and north of the 60 Fwy.

Originally developed in 2011, the building is 100% leased to an investment grade credit tenant. The property is situated on 25.35 acres within Hunter Park, a prominent industrial district strategically located within the Inland Empire East submarket, one of the fastest growing markets in the country.

Kevin MacKenzie and AJ Manas with HFF arranged the 10-yeear, fixed-rate loan, which is being used to refinance and existing loan.






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