Birtcher Lines Up $75M Construction Loan on Rialto Industrial

JLL Capital Markets represented Birtcher Development LLC in obtaining $75 million in construction financing for the development of Birtcher Logistics Center Rialto, a Class A logistics facility currently under construction totaling 492,631 square feet in Rialto. Principal Global Investors provided the non-recourse loan.

“This is the second construction loan Birtcher has secured in the past 60 days with JLL’s Capital Markets Debt Advisory team,” said Brooke Birtcher Gustafson, managing director of Birtcher Development. “As the market continues to experience tightening within the lending community, we’re grateful for JLL’s ability to see another loan through from start to finish alongside our team.”

The JLL Capital Markets Debt Advisory team was led by senior managing director Greg Brown, senior director Peter Thompson and analyst Spencer Seibring.

The site is centrally located in the Inland Empire East submarket, three miles from the Union Pacific Intermodal Yard and five miles to the BNSF Intermodal Yard.. Immediate access to the Southern California freeway system is provided via on/off ramps at the I-10 Freeway, connecting Los Angeles to Arizona.

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.