$32.9M in financing arranged for a 165,070-square-foot industrial asset in San Dimas, CA
JLL Capital Markets represented CapRock Partners in the East Arrow Industrial deal located in San Dimas, California
LOS ANGELES, Oct. 12, 2023 – JLL Capital Markets announced today that it arranged $32.9 million in financing for 300 East Arrow Highway, a single-tenant industrial building totalling 165,070 square feet in San Dimas, California.
JLL worked on behalf of the borrower, CapRock Partners, to secure the non-recourse loan.
300 E. Arrow Highway is fully leased to Western Pacific Storage Solutions, a leader in the engineering and manufacturing of industrial storage solutions, shelving systems, and material handling. The company has occupied the space for its manufacturing operations since 2001.
Built in 1972 and expanded in 1989, 300 E. Arrow Highway features 15 dock-high doors and one ground-level door, a 130-foot secured truck court and multiple points of ingress/egress. It offers ample parking, 4000A/480V power and approximately 21,000 square feet of two-story office.
Located along the high-traffic Arrow Highway, the property provides prime visibility as well as quick access to the nearby 57, 60 and I-210 freeways and Ontario International Airport. It is located approximately 49 miles from the Ports of Los Angeles and Long Beach offering considerable drayage savings for the tenant. The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Greg Brown, Senior Director Peter Thompson and Analysts Kyle White and Allie Black.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About CapRock Partners
Founded in 2009 in Newport Beach, CA, CapRock Partners is a privately owned investor and developer of industrial real estate in the Western and Central United States. With approximately $2.9 billion of assets under management or advisement as of June 30, 2023, the company specializes in acquiring middle-market value-add industrial assets, developing large-scale institutional-quality Class A industrial warehouse facilities in key locations, and providing third-party asset management services for institutional investors. The firm is actively acquiring land for development and middle market value-add assets across the Western and Central U.S. Since inception, its total investment and development pipeline exceeds 30 million square feet of industrial real estate.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.