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3/21/25
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Mesa Linda Logistics Center, Hesperia |
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JLL CAPITAL MARKETS -- Greg Brown, Samuel Godfrey and Allie Black with JLL Capital Markets arranged $27.5 mil in construction financing for Mesa Linda Logistics Center, a 409k sf industrial warehouse and distribution facility to be built in Hesperia. Scheduled to deliver in Q1 2026, the Class A facility will feature 36-foot clear heights, 54 dock-high doors, 57 trailer parking stalls, 215 auto parking spaces, an ESFR sprinkler system and a combined 12k sf of office and mezzanine space. The 17.54-acre site is strategically located in Hesperia, considered the gateway to the Inland Empire North and a burgeoning logistics hub. The property has easy access to major freeways including I-15, I-40, US-395, CA-18 and CA-138, placing it within a four-hour drive of 27.3 mil people. The floating-rate, non-recourse construction loan was funded through a bank on behalf of the borrower, Newcastle Partners.
5768 W. 3rd St, Los Angeles |
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MARCUS & MILLICHAP CAPITAL CORPORATION – Dan Litman with Marcus & Millichap Capital Corporation arranged a $16.85 mil refi on Le Noble Apartment Homes, a luxury 46-unit multifamily property located at 5768 West 3rd St in Los Angeles. The property is located in the Miracle Mile neighborhood of Los Angeles, near the Los Angeles County Museum of Art and Pan Pacific Park. The property is pet-friendly and wheelchair accessible, with on-site amenities including in-unit laundry, elevators, balconies, a dog park, a courtyard, and a fitness center that is currently being constructed. Terms of the 30-year loan include three years of interest-only payments at a 6.19% rate followed by a 30-year amortization, and a 65% loan-to-value.
GANTRY -- Mike Wood and Tim Brown with Gantry arranged a $12.1 mil permanent loan to finance the acquisition of a single-tenant industrial building located at 745 Andover Park E in Tukwila, WA, a North Kent Valley suburb of the Seattle MSA. The 109k sf facility sits on 4.76-acres in what is one of the region’s top industrial submarkets, with near direct access to both I-5 and I-405 and ready access to the communities and logistics infrastructure of the greater Puget Sound region. The 7.5-year, fixed rate, nonrecourse loan was funded through an insurance company lender and features an introductory interest-only period followed by 30-year amortization for the remaining term. The borrower was a private real estate investor.
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