Madison Realty Capital Furnishes $107M Debt on South Bay Industrial

Madison Realty Capital originated a $107-million mortgage and mezzanine loan to finance the acquisition of 588 Crenshaw Blvd. in Torrance and refinance existing debt at 1483 West Via Plata in Long Beach. Jason Moyal and Zach Novatt of Max Benjamin Partners brokered the transaction, the first out of the Beverly Hills-based firm’s newly opened Calabasas office.

The two properties are institutional-quality industrial assets totaling approximately 405,000 square feet. Both are located in areas characterized by strong labor availability and direct connectivity to the Ports of Los Angeles and Long Beach.

“This transaction exemplifies the type of infill industrial financing where Madison thrives—high-quality assets in irreplaceable port-adjacent locations, backed by a proven sponsor and durable tenancy,” said Josh Zegen, Managing Principal and Co-Founder of Madison. “South Bay is one of the most supply-constrained industrial markets in the country, and these properties are well-positioned to benefit from long-term demand tied to the Los Angeles and Long Beach ports.”

Connect

Inside The Story

Madison Realty Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

Order Reprints