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Clarion Provides Mezz Loan on Inland Empire Acquisition
A separate account managed by Clarion Partners LLC has provided a $10-million mezzanine loan subordinate to a $70-million senior loan originated by an affiliate of Societe Generale. The mezzanine loan is part of an acquisition financing package collateralized by a Class A, 600,000-square-foot industrial building located in Riverside.
The property is 100% leased and serves as the headquarters for a third-party logistics provider. Built in 2019, it features 36’ clear ceiling heights, 84 dock high doors, 148’ to 180’ secured concrete truck court depths, ESFR fire sprinklers, LED light fixtures, and 98 trailer parking stalls.
“We believe that this is a compelling mezzanine investment opportunity based on Clarion Partners’ firsthand knowledge of the Inland Empire industrial market,” said managing director Drew Fung. “Strategically, we believe investments in Class A industrial product in distribution markets with strong fundamentals have a potential for durable cash flow and value in the long term.”
- ◦Sale/Acquisition
- ◦Financing


