Irvine Investor Secures Financing for Nearly 1M-SF Industrial Portfolio
Irvine-based The Moulton Company secured a $69-million loan for a four-property industrial portfolio totaling 991,634 square feet across the southwestern U.S. The family owned and operated private equity asset management firm refinanced four core industrial assets located in some of the strongest industrial markets.
The assets include:
– Harbor Gateway at 20100 S. Western Ave. in Torrance, CA. (pictured)
– Longley Commerce Center at 6550 Longley Lane in Reno, NV.
– The Landing at PMG at 7613-7753 E. Ray Rd. in Mesa, AZ.
– Northgate Distribution Center at 4800 E. Tropical Parkway in Las Vegas, NV.
CBRE Capital Markets’ Debt & Structured Finance’s Shaun Moothart, Bruce Francis, Jennifer Ansari, Dana Summers, Bob Ybarra and Doug Birrell arranged the 20-year, 2.13% loan on behalf of the owner. All four facilities were fully leased at the time of the deal closing.
Moothart says, “This financing attracted an extraordinary amount of capital from both global and domestic lending institutions.”
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