California + Inland Empire + Finance | August 4, 2023

JLL Capital Markets arranged $16.2 million of financing for the development of a 5.6-acre industrial outdoor storage facility in Fontana, CA

Iconic Equities Lands $16M Financing on Industrial Outdoor Storage Site

JLL Capital Markets arranged $16.2 million in senior financing for the development of a 5.6-acre industrial outdoor storage facility in Fontana. JLL worked on behalf of the borrower, Iconic Equities, to secure the senior financing for the project through SG Capital Partners.

Upon completion, the property will serve as a truck yard, with a 12,500-square-foot warehouse and distribution building onsite. The property will also provide end-users an opportunity to stack metal storage containers while providing ample truck parking in one of the country’s top performing industrial submarkets.

The property is located at 8247 Lime Ave. and is located near the Inland Empire’s largest industrial demand drivers. I-15, which runs north-south through the San Bernardino Valley and Inland Empire, is 3.5 miles west of the site and I-10, a primary arterial connecting Los Angeles to the Inland Empire, is five miles southwest of the site.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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