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3/09/23
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SENTRE has purchased Parkway Commerce Center, a 147.9k sf, multi-tenant industrial park in Poway, CA. The deal was financed with an acquisition loan for $21.43 mil.
Parkway Commerce Center is comprised of two warehouse/distribution buildings and two industrial/flex buildings, which are leased to a diverse roster of tenants. The property features 19’-25’ clear heights and a total of 21 dock-high doors, 36 drive-in doors and 316 parking spaces.
Located on 9.8 acres at 13651, 13691, 13741 and 13771 Danielson St, Parkway Commerce Center offers direct access to Interstate 15, a major north/south transportation artery for the west coast. As a result, the tenants can offer same-day delivery to all Southern California.
Bob Prendergast, Lynn LaChapelle, Ryan Spradling and Zach Saloff with JLL represented the seller in the deal. Aldon Cole and Brad Vansant, also with JLL, arranged the fixed-rate loan, which was funded by an insurance company. JLL’s Joe Anderson, Greg Moore and Jay Alexander will retain the leasing moving forward.
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