Bank OZK Furnishes Construction Loan for Perris Logistics Facility

 JLL Capital Markets recently arranged $65.1 million in senior construction financing for Ellis Avenue Logistics Center, a 631,011-square-foot Class A industrial facility under development in Perris. Senior managing director Greg Brown, associate Allie Black and senior analyst Nick Englhard worked on behalf of the undisclosed borrower to secure a floating-rate, five-year loan, including extensions, through Bank OZK.

“Our process yielded several competitive financing options across the leverage spectrum, reflecting continued lender appetite for entitled industrial projects in cities that are increasingly stricter with approvals,” said Brown. “The best-in-class sponsor and state-of-the-art facility specifications helped differentiate this opportunity.”

Construction is expected to commence in early 2026, with completion and stabilization projected for late 2026. The facility will feature 40-foot clear heights, an ESFR sprinkler system, 87 dock-high doors, three grade-level doors, 205 trailer parking stalls and 176 auto parking stalls. The surrounding area features a clustering of creditworthy companies and demonstrates strong leasing activity.