News release

$50M in financing secured for industrial development in Los Angeles

JLL Capital Markets arranged construction financing for a warehouse at 4200 W Valley Blvd. in Pomona, California

December 05, 2022

Kristen Murphy

Capital Markets, Hotels & Hospitality and Value & Risk Advisory PR
+1 617 848 1572

NEWPORT BEACH, CALIF. – Dec. 5, 2022 – JLL Capital Markets announced today that it has arranged $50 million in construction financing for the development of 4200 W Valley Blvd., a 269,740-square-foot industrial warehouse in Pomona, California.

JLL worked on behalf of the borrower, CapRock Partners, in securing the non-recourse construction loan.

Once completed, 4200 W Valley Blvd. will feature 40’ clear heights, 28 dock-high doors, two grade-level doors, 129 car spaces and 46 trailer stalls.

The ±12.5-acre site is positioned two miles from the CA-60 and SR-57 junction providing convenient access to Los Angeles, the Inland Empire and Orange County. As a result, tenants will be able to reach Southern California’s 22.8 million residents within a few hours’ drive. Additionally, the warehouse will benefit from its proximity to the City of Industry Intermodal Facility (7 miles), the Ontario International Airport (15 miles), the Port of Long Beach (44 miles) and the Port of Los Angeles (46 miles).

According to JLL’s Los Angeles Industrial Insight – Q3 2022, the market’s lack of supply and increased demand have driven total vacancy for the Los Angeles industrial region to 0.8% with YTD rental growth reaching 23.6%. This development will be one of the few new last-mile development projects delivered in highly sought-after Los Angeles County.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Greg Brown, Director Peter Thompson and Associate Sam Godfrey.

“Despite the limited liquidity in the bank markets, we were pleased to have identified multiple non-recourse loan options and ultimately source a new lending relationship on behalf of our client,” said Brown.

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 JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About CapRock Partners

Founded in 2009, Newport Beach, California-based CapRock Partners is a fully integrated real estate private equity firm focused on acquiring and developing logistics assets in the Western U.S. and Central U.S. The firm specializes in acquiring middle-market, value-add industrial assets and developing large-scale, institutional-quality, Class A industrial warehouse facilities in high-growth markets across California, Arizona, Nevada, Utah and Texas. Since inception, CapRock has acquired, developed or entitled more than 35 million square feet of logistics assets. CapRock manages a series of private real estate funds and has raised approximately $1.5 billion of equity commitments across multiple partnerships. CapRock is registered with the U.S. Securities and Exchange Commission.