HFF announces $12.8 million financing for 3-building industrial property in City of Industry, CA

Matthew Stewart

LOS ANGELES, CA –– HFF announces the $12.8 million financing for 341-345 Baldwin Park, three industrial distribution and warehouse buildings totaling 165,681 square feet in the Los Angeles suburb of City of Industry, California.

The HFF team worked on behalf of the borrower, a partnership between Colorado-based EverWest Real Estate Investors, LLC and an investment partner, to place the 10-year, non-recourse loan at a 4.20- percent fixed-rate with a correspondent insurance company.  Additionally, HFF will service the loans.

Renovated in 2006, 341-345 Baldwin Park’s three buildings include a total of 33 loading docks, driveways that measure 37 feet wide for complete distribution functionality and warehouses along with office space. 

The property, located one mile from the on-ramps of Interstates 605 and 10, is in a prime infill location within Los Angeles’ Industry/La Puente industrial submarket. 

341-345 Baldwin is 17 miles from downtown Los Angeles and approximately 33 miles from the Ports of Los Angeles and Long Beach.

The HFF debt placement team representing the borrower included director Matthew Stewart.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

CONTACTS:

MATT STEWART

CA Lic. #01956812

HFF Director

(310) 407-2100

mstewart@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

http://everwest.com.