JLL CAPITAL MARKETS -- Greg Brown, Allie Black and Nick Englhard with JLL Capital Markets have arranged $130 mil in first-lien financing for Sukut Real Properties' 21-property industrial portfolio spanning 1.1 msf across Southern California's most dynamic markets. The five-year, fixed-rate loan was funded through an insurance company. The industrial-focused portfolio features 17 industrial assets, but also includes one self-storage facility, one industrial outdoor storage property, one medical property and one flex office/industrial building. The properties span four of Southern California's premier markets: San Diego County, Orange County, Los Angeles County and the Inland Empire, with construction dates ranging from 1968 to 2016.
The portfolio demonstrates exceptional stability with 98% occupancy, and tenants that represent a wide array of industries, including automotive services, biotech, logistics, local small businesses and medical services. The properties' prime locations offer unparalleled access to major transportation hubs, including the Ports of Los Angeles and Long Beach, international airports and extensive freeway networks. The assets benefit from their proximity to an expansive labor pool and dense population centers, supporting last-mile delivery and e-commerce operations in these high-barrier-to-entry markets.
BWE -- Peter Keepper with BWE arranged $32.9 mil in financing across six industrial properties on behalf of two experienced sponsors, a high-net-worth family office asset manager and a CA-based office warehouse/light industrial investor. The transactions include a five-property portfolio totaling over 430k sf in and around Los Angeles, Tempe, and Houston, as well as a 42k sf, multi-tenant light industrial property in Las Vegas. Both transactions were funded through insurance company lenders.
1035 N. Sarival Ave, Goodyear, AZ |
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NORTHMARQ -- a $28.5 mil refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival Ave in Goodyear, AZ, was arranged by Brandon Harrington and Tyler Woodard with Northmarq on behalf of the property developer, Porter Kyle. The Cleveland reached construction completion in July 2025 and recently held its grand opening, with 25% of homes already leased. The townhome-style project delivers a modern rental housing option in the high-growth West Valley submarket, where demand for professionally managed, single-family-style communities continues to outpace supply. The one- two- and three-bedroom townhomes at The Cleveland feature two-car direct access garages, private backyards, and high-quality interior finishes. Residents also have access to a comprehensive amenity package, including a clubhouse with fitness center, co-working lounge, and private offices, a resort-style pool with outdoor kitchen, a children’s playground, a dog park, and walking trails. Situated in the Canyon Trails neighborhood near I-10, The Cleveland provides easy access to shopping, dining, entertainment, and major job centers, near the spring training facility for Major League Baseball’s Cleveland Guardians. Residents enjoy thoughtfully designed townhomes with upscale finishes, including wood-style flooring, stainless-steel Energy Star appliances, granite countertops, chef-inspired kitchen islands, 10-foot ceilings, and oversized private backyards. Homes are equipped with modern conveniences such as USB outlets, full-size washers and dryers, pet doors, and spacious two-car direct access garages, with floorplans ranging from one- to three-bedrooms.
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