**JLL Arranges $65.1M Construction Loan for Ellis Avenue Logistics Center in Perris**
JLL Capital Markets has secured $65.1 million in senior construction financing for the Ellis Avenue Logistics Center, a 631,011-square-foot Class A industrial development in Perris, California. The financing was arranged on behalf of an undisclosed borrower and was provided by Bank OZK. The loan features a floating rate and a five-year term, including extension options.
The JLL team involved in the transaction included Senior Managing Director Greg Brown, Associate Allie Black, and Senior Analyst Nick Englhard.
“Our process yielded several competitive financing options across the leverage spectrum, reflecting continued lender appetite for entitled industrial projects in cities that are increasingly stricter with approvals,” said Brown. “The best-in-class sponsor and state-of-the-art facility specifications helped differentiate this opportunity.”
Construction of the facility is scheduled to begin in early 2026, with completion and stabilization anticipated by the end of the same year. Once completed, the Ellis Avenue Logistics Center will offer premium industrial features including 40-foot clear heights, an ESFR sprinkler system, 87 dock-high doors, three grade-level doors, 205 trailer parking stalls, and 176 auto parking stalls.
Located in a region with a strong presence of creditworthy tenants and robust leasing activity, the development is expected to benefit from heightened industrial demand and limited new supply due to increasingly stringent municipal approval processes.
