JLL Capital Markets arranged $33.8 million in first lien construction financing for 10400 Amargosa Rd., a to-be-built, Class A industrial facility in Hesperia. The Covington Group will develop the project on behalf of owner/user Pixior Group. JLL represented the borrower in securing the five-year, fixed-rate loan through TDA Investment Group, on behalf of its pension client.
The JLL Capital Markets Debt Advisory team representing the borrower was led by senior managing director Matt Stewart, director Kellan Liem, associate Allie Black and analyst Cameron Sepahi.
“This development represents a state-of-the-art logistics facility in one of Southern California’s most rapidly growing industrial corridors,” said Stewart. “The site’s superior location along Interstate 15, modern building specifications and proximity to major distribution hubs makes this an exceptional development opportunity.”
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.
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