 |
| Lynn LaChapelle |
SAN DIEGO, CA,
Mar. 8, 2023 – JLL Capital
Markets announced today that it has closed the sale of and arranged $21.43
million in acquisition financing for Parkway Commerce Center, a
multi-tenant industrial park totaling 147,907 square feet in Poway, California.
 |
Doug Arthur
|
JLL represented an institutional investor in the
sale to SENTRE. In addition, JLL worked on behalf of SENTRE to secure a
fixed-rate loan with a correspondent insurance company.
Doug Arthur, President &
CEO of SENTRE, “We appreciate the long-standing relationship with both Seller
and JLL and welcome Parkway to our growing portfolio of best in class industrial".
 |
Bob Prendergast
|
Parkway Commerce Center is comprised of two
warehouse/distribution buildings and two industrial/flex buildings, which are
leased to a diverse roster of tenants.
The property features 19’-25’ clear heights and
a total of 21 dock-high doors, 36 drive-in doors and 316 parking spaces.
Located on 9.8 acres at 13651, 13691, 13741 and
13771 Danielson St., Parkway Commerce Center offers direct access to Interstate
15, a major north/south transportation artery for the west coast. As a result,
the tenants can offer same-day delivery to all Southern California.
 |
| Ryan Spradling |
The JLL Investment Sales team representing the
Seller was led by Managing Director Bob Prendergast, Lynn LaChapelle, Ryan
Spradling and Zach Saloff.
“This transaction was an excellent example of
the seller identifying a growth market early in the cycle, working closely with
market leaders and completing its investment strategy,” said Prendergast.
The JLL Capital Markets team representing the
borrower was led by Senior Managing Director Aldon Cole and Associate Brad
Vansant.
 |
Zach Saloff
|
JLL Agency leasing team led by Joe Anderson,
Greg Moore and Jay Alexander will retain the leasing moving forward.
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.
 |
| Aldon Cole |
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
Founded in 1989, SENTRE is a vertically
integrated real estate investment firm headquartered in San Diego with
extensive experience in office, industrial, retail and multi-family properties.
SENTRE has acquired, developed and/or operated
projects throughout the West Coast totaling more than 10 million square feet
and $4B in transactional volume.
 |
| Brad Vansant |
In addition, SENTRE co-founded Vesta, a publicly
traded industrial real estate company operating in Mexico with a portfolio of
over 30 million square feet valued in excess of $2 billion.
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.
 |
| Joe Anderson |
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.
 |
Jay Alexander
|
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| Greg Moore |
JLL is a Fortune 500 company with annual revenue of
$20.9 billion, operations in over 80 countries and a global workforce of more
than 103,000 as of December 31, 2022 JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated.
