News release

Construction loan arranged for Inland Empire build-to-suit industrial distribution facility

JLL Capital Markets arranged the financing for the development of a single-tenant net leased distribution facility in Beaumont, Calif. 

January 18, 2022

Kimberly Steele

Industries, Work Dynamics and PDS PR
+1 713 852 3420

NEWPORT BEACH, Calif., Jan. 18, 2022 – JLL Capital Markets announced today that it has arranged construction financing for the development of Beaumont Crossroads II, an 816,000-square foot, build-to-suit industrial distribution facility in the Inland Empire community of Beaumont, California.

JLL worked on behalf of the borrower, USAA Real Estate, to arrange the two-year, floating-rate, non-recourse construction loan.

Beaumont Crossroads II will be a state-of-the-art industrial property triple net leased on a long-term basis to an investment-grade tenant. Upon completion, the building will feature 40-foot clear heights, 48 dock-high doors, two grade-level doors and ESFR fire protection, 296 trailer stalls and 447 parking spaces.

Situated on 58.7 acres, Beaumont Crossroads II is strategically located proximate to the SR-60 and Interstate 10 interchange, providing convenient access to Southern California’s excellent network of freeways, as well as the Ports of Los Angeles and Long Beach.

The property is located within the Beaumont/Hemet submarket, an infill submarket that is part of the Inland Empire Industrial market. According to JLL Research’s Inland Empire Industrial Insight report for the fourth quarter of 2021, the Inland Empire has record low vacancy of 0.6 percent, as increased demand for space across Southern California and a lack of adequate supply has pushed the market into uncharted territory. Looking forward, similar market conditions are expected in 2022. 

The JLL Capital Markets team representing the borrower included Managing Director Brian Torp, Director Peter Thompson, Associate Samuel Godfrey and Analyst Charlie Vorsheck.

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About USAA Real Estate

Along with its affiliate companies, USAA Real Estate invests across the risk spectrum, managing nearly $30 billion in net assets under management in service to its global client base. USAA Real Estate provides strategic capital for thematic investing, capitalizing on the accelerating demand for technology-driven real estate assets and meeting the critical need for housing solutions. Investments are diversified across North America and Europe, with a portfolio that includes multifamily, industrial, office and hotel properties, as well as e-commerce logistics and distribution centers, media production facilities and data centers. For more information, visit