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JLL Arranges $69M in Financing for LA County Industrial Portfolio

JLL Arranges $69M in Financing for LA County Industrial Portfolio

JLL Capital Markets has arranged $69.1 million in post-close acquisition financing for Walnut Business Park, a 33-building, 335,000-square-foot light industrial portfolio in Walnut, CA. JLL represented the borrower, IDS Real Estate Group to secure the loan with MetLife Investment Management.

“Despite macro headwinds, demands for core industrial real estate remains strong. We worked with MetLife Investment Management to structure a highly bespoke financing solution that achieved all the sponsor’s objectives,” said JLL’s Matt Stewart who led the firm’s Debt Advisory team along with Chris Jaffe.

Situated on over 22 acres at Valley Boulevard and South Lemon Avenue, Walnut Business Park is located in the infill San Gabriel Valley submarket of Los Angeles, and is adjacent to the Highway 60/57 interchange, with connectivity to Interstates 5 and 10. The property is also just 35 miles from LAX and the Ports of Los Angeles and Long Beach.


Inside The Story

JLL's Matt StewartIDS Real Estate GroupMetLife Investment Management

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.