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JLL Secures $38M in Debt/Equity for Casa Grande Business Park
JLL Capital Markets arranged $15 million in joint venture equity and $23 million in financing for the development of KV Casa Grande, an industrial development totaling 314,453 square feet in Casa Grande, Arizona.
JLL worked on behalf of the borrower, Kentwood Ventures, to secure the loan through CrossFirst Bank and equity through Blue Vista Capital Management.
KV Casa Grande will sit on an 18.68-acre parcel at the corner of Thornton Rd. and Lawrence St. Key building features will include 32-foot clear heights, a 175-foot concrete truck court, 28 dock-high doors, 14 grade-level doors and 339 parking spaces. The project broke ground in April 2023 and is projected to be completed over the next year.
The development is centrally situated in Casa Grande’s expanding industrial submarket, an extension of Phoenix’s Southeast Valley industrial market. The pro-growth community is positioned at the crossroads of the I-8 (San Diego), I-10 (Phoenix/Tucson/Los Angeles) and SR85 (Mexico), providing efficient transportation options throughout the Southwest Region.
- ◦Development
- ◦Financing
