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FINANCING NEWS
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Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project

8/23/23

Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse loan was arranged by Greg Brown, Peter Thompson and Spencer Seibring with JLL Capital Markets and funded through Principal Global Investors.

Situated on approximately 21 acres, the site will serve as a state-of-the-art facility featuring 40-foot clears heights, 62 dock-high doors, 5.6k sf of ground floor office and 5.2k sf of mezzanine space. The building will also benefit from the 90 trailer parking spaces and 287 auto parking spaces.

The site is centrally located in the Inland Empire East submarket. Immediate access to the Southern California Freeway System is provided via on/off ramps at the I-10 Freeway, connecting Los Angeles to Arizona. The site is three miles from the Union Pacific Intermodal Yard and five miles to the BNSF Intermodal Yard. Birtcher Logistics Center Rialto is conveniently situated within approximately 10 miles of the four major freeway interchanges I-10, 215, 60 and 15 -- connecting the Inland Empire to Los Angeles, San Diego, and Orange County.




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