$33.8 Million construction loan secured for Class A industrial development in Hesperia, CA
United States, Feb. 18 -- JLL Capital Markets announced that it has arranged $33.8 million in first lien construction financing for 10400 Amargosa Rd., a to-be-built, Class A industrial facility in Hesperia, California.The Covington Group will develop the project on behalf of owner/user Pixior Group. JLL represented the borrower in securing the five-year (inclusive of extension options), fixed-rate loan through TDA Investment Group, on behalf of its pension client.The 428,185-square-foot single-tenant building will feature 36-foot clear heights, rear-load capabilities, an ESFR fire sprinkler system and a 100% secure truck court with space for 59 trailer stalls and 216 auto parking spaces including EV charging capabilities. Construction is e...
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