Bridge Loan Will Help Fund Acquisition of Burbank Industrial

JLL Capital Markets arranged acquisition financing for the purchase of an industrial manufacturing campus at 100-104 E. Graham Pl. in Burbank. Terms were not disclosed. JLL worked on behalf of an affiliate of Alta West Partners and OlivePoint Capital, to secure acquisition bridge financing through a debt fund to support the group’s value-add business plan.

The fully gated and secure property spans 104,795 square feet across five buildings. It is anchored by Haskel International LLC, a wholly owned subsidiary of Ingersoll Rand Inc., which utilizes the property as its Americas headquarters and has maintained operations at this location for more than 70 years.

The JLL Capital Markets team representing the borrower included senior managing director Jeff Sause, director Alex Olson, associate Jalynn Borders and analyst Thomas Gonzalez.

“With Burbank’s development pipeline effectively capped by land constraints and competing uses, assets like this benefit from structural supply limitations,” said Sause. “The buyer’s ability to identify this value-add strategy on the vacant space will drive meaningful NOI growth in a market commanding premium rents.”