High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Inland Empire  + Industrial  | 

CIP Recaps Trio of Inland Empire Assets for Nearly $59M

JLL arranged $58.6 million in first lien financing for three industrial/office properties totaling 609,898 square feet in the Inland Empire. The borrower was CIP Real Estate, which secured a seven-year, fixed-rate loan through a national life insurance company.

The portfolio comprises the 17-building College Business Park in Upland, CA; the 12-building Milliken Business Center in Ontario, CA; and the five-building Summit Business Center in Riverside, CA. Overall, the portfolio is 95% leased to over 300 separate tenants.

The JLL Capital Markets team representing the borrower was led by Kevin MacKenzie, Brian Torp and Peter Thompson.

CIP Real Estate retained JLL Securities as part of a broader strategic objective. The recapitalization included the procurement of up to $300 million of equity growth capital creating nearly $900 million of buying power over the next three to four years. The capital raise was led by Jeff Hawkins and Derek Landry.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With CIP Real EstateConnect With JLL’s MacKenzie

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
New call-to-action
New call-to-action
New call-to-action