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California  + Inland Empire  + Industrial  | 
IDS Secures $124M Financing for Riverside Cold Storage Facility

IDS Obtains $124M Financing for Riverside Cold Storage Facility

JLL Capital Markets has arranged $124 million in post-close acquisition financing on behalf of IDS Real Estate Group for 14950 Meridian Parkway, a 1.2 million-square-foot cold storage facility in Riverside, CA. The 10-year, fixed-rate loan was provided by Northwestern Mutual.

The property is fully leased to United Natural Foods, the largest publicly traded wholesale distributor in the U.S. and Canada. The facility is comprised of 39% cold storage and 61% dry storage and offers 42’ clear heights, 185 dock doors and approximately 700 parking spaces.

The site is just over 59 acres in size and is positioned adjacent to Interstate 215, providing seamless access to other major freeways, allowing connectivity to Los Angeles, San Diego and the entire Western U.S.

The JLL Capital Markets team representing the borrower included Paul Brindley, Matt Stewart and Alethia Halamandaris.

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Inside The Story

IDS Real Estate GroupJLL Capital MarketsNorthwestern MutualUnited Natural Foods

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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