JLL Capital Markets worked for Bixby Land Co. and a global investment manager in the sale of 19949 Kendall Drive in San Bernardino, CA

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               SOLD: 19949 Kendall Dr., a fully leased Class A industrial building totaling 104,500 square feet in San Bernardino, CA

 

LOS ANGELES, CA – JLL Capital Markets

Mark Detmer

arranged the sale of 19949 Kendall Dr., a fully leased, Class A industrial building totaling 104,500 square feet in San Bernardino, California.

JLL worked on behalf of the sellers, Bixby Land Company and a global investment manager, and procured the buyer, Overton Moore Properties (OMP).

 

Currently leased to a single-tenant, the property was built in 2008 and is situated on 5.07 acres, offering 30-foot clear heights, 15 dock-high doors, four grade-level doors, an ESFR sprinkler system and a fully secured 140-foot truck court with multiple points of access.

 

Patrick Nally

Additionally, the property is located within the ultra-core Inland Empire, which has exceptionally low vacancy, strong and continuous rent growth, overwhelming tenant demand and high barriers to entry.

 

This strategic location also provides tenants with access to Southern California’s massive growing population, major transportation corridors and critical distribution and logistics hubs.

 

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Mark Detmer and Patrick Nally, Managing Director Ryan Sitov and Senior Director Evan Moran.

 

Ryan Sitov

The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Kevin Mackenzie and Senior Managing Director Brian Torp.

 

The Inland Empire Markets Team was led by Executive Managing Directors Mike McCrary, Patrick Wood and Senior Managing Directors Ruben Goodsell and Jeff Bellitti. 

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

Evan Moran.

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.

 

Kevin
Mackenzie

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 

About Bixby Land Company

 

Bixby Land Company is a leading commercial real estate owner, operator, and investment manager with over $1.5 billion of assets under management.

Brian Torp

The company develops and invests in industrial, office, and R&D properties throughout the United States. For over 125 years, Bixby has been committed to adding value for its shareholders and investors.

 

About Overton Moore Properties

 

Overton Moore Properties (OMP) is one of the most active industrial developers in Southern and Northern California along with Las Vegas, Phoenix, and Salt Lake City.

Mike McCrary

Founded in 1972, OMP is a premier, full-service, commercial real estate company based in Southern California. Since 2000, OMP has acquired and developed more than 31 million square feet totaling over $4.2 billion in total capitalization.

 

Currently, OMP is developing or operating over 21 million square feet of state-of-the-art industrial buildings across the Western United States..

 

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 Patrick Wood 

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.

Ruben Goodsell

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

omprop.com

bixbyland.com.

 

 

JLL arranges $28 million in post-closing acquisition financing for Greater Boston industrial portfolio

Part of a four-building, $27.8 million financed 
portfolio across the Greater Boston MSA

 

BOSTON, MA – JLL Capital Markets has secured $27.8 million in financing for a four-building portfolio totaling over 300,000 square feet across the Greater Boston MSA.

 

Tim Chaves

JLL represented NorthBridge Partners and arranged non-recourse acquisition financing through Bristol County Savings Bank.

The portfolio is 100% leased and comprises a variety of single tenant warehouse, distribution and manufacturing buildings. 

The four properties are located in well established, master-planned industrial parks and feature high-quality infrastructure with ample loading docks and power capacity, abundant parking and efficient layouts.

 

The JLL Capital Markets Debt Advisory team was led by Managing Director Andrew Gray and Director Ryan Parker.

Andrew Gray

“There was considerable interest from local banks and life insurance companies for financing this infill portfolio of high-quality industrial assets with best-in-class sponsorship.

 

"The lender really distinguished itself with a strong five-year, fixed rate deal and provided flexibility for release provisions to align with the borrower’s business plan across the Portfolio,” stated Gray.

 

“The NorthBridge team did a tremendous job sourcing the portfolio as three separate acquisitions and we are glad our team was able to create a new local bank relationship for them on this attractive buy,” Parker added.

  Ryan Parker

Tim Chaves, EVP and Chief Lending Officer of Bristol County Savings Bank, also noted, “This transaction was representative of how community banks are adding value to the capital markets.

               

"BCSB’s intimate knowledge of our local communities, as well the bespoke lending and treasury solutions delivered by our commercial team, including Mike Patacao, SVP/Market Manager and Kevin McCarthy, SVP/CLO, are the perfect recipe for a banking relationship that is both dynamic and highly transparent, from term sheet through closing, and beyond.

Mike Patacao

"We sincerely value the relationship we built with JLL and Northbridge and we applaud their work ethic, professionalism and organizational character.”  

 

 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. 

Kevin McCarthy, 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

 

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

www.sterlingorganization.com.

 

JLL Capital Markets arranges sale of Roswell Market Center in highly sought after Atlanta, GA submarket

 

Roswell Market Center, an 82,029-square-foot
neighborhood shopping center in Roswell, GA

 ATLANTA, GA – JLL Capital Markets brokered the sale of 

Roswell Market Center, an 82,029-square-foot neighborhood shopping center in growing Atlanta suburb. The price was not disclosed.

 

JLL represented the seller, Sterling Organization, in the transaction.

 Jim Hamilton

Constructed in 1990, Roswell Market Center is currently occupied by a strong roster of national retailers, including AutoZone, Dollar Tree, Subway, AT&T and shadow anchored by Home Depot. 

The property also benefits from a highly affluent customer base, with the surrounding submarket boasting an average household income of over $165,403.

 

Situated at 1580 Holcomb Bridge Rd., the shopping center is conveniently positioned within one mile of GA-400, granting easy access to Atlanta's most sought-after submarkets and largest office markets.

Brad Buchanan 

The JLL Capital Markets Investment Sales and Advisory team was spearheaded by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Vice President Andrew Kahn.

 

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.

Andrew Kahn.

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom.

                   

 

CONTACT:

 

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

www.sterlingorganization.com.