Madison Realty Capital Provides $107M Loan for South Bay Industrial Properties
Madison Realty Capital has originated a $107 million mortgage and mezzanine loan to finance the acquisition of 588 Crenshaw Boulevard in Torrance and to refinance existing debt at 1483 West Via Plata in Long Beach. The transaction was brokered by Jason Moyal and Zach Novatt of Max Benjamin Partners, marking the first deal out of the newly opened Calabasas office of the Beverly Hills-based firm.
The financed assets consist of two institutional-quality industrial properties totaling approximately 405,000 square feet. Both sites are strategically located in areas with strong labor availability and offer direct access to the Ports of Los Angeles and Long Beach.
“This transaction exemplifies the type of infill industrial financing where Madison thrives—high-quality assets in irreplaceable port-adjacent locations, backed by a proven sponsor and durable tenancy,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital. “South Bay is one of the most supply-constrained industrial markets in the country, and these properties are well-positioned to benefit from long-term demand tied to the Los Angeles and Long Beach ports.”
