Byline Bank’s Commercial Real Estate Group has provided a $20.25 million term loan to refinance an industrial outdoor storage portfolio in Wilmington controlled by Stockbridge Capital Group. The financing recapitalizes two industrial outdoor storage properties totaling 13 acres at 501 Quay Ave. and 1540-1550 Eubank Ave., both of which are fully leased.
The assets are positioned in the South Bay submarket near the Ports of Los Angeles and Long Beach, giving tenants proximity to one of the nation’s largest freight and logistics hubs. According to the parties, both properties are located within six miles of the ports and benefit from access to key transportation corridors that serve Southern California’s distribution networks.
BCREG senior vice president Sarah Hunter noted that industrial outdoor storage has become a critical component of the logistics ecosystem, particularly in infill locations where port access and connectivity to major routes are essential. She emphasized that the portfolio combines long-term tenancy with a location that directly links users to Southern California’s core transportation infrastructure, framing the loan as support for assets viewed as strategically positioned within the supply chain.
The Byline Bank team on the transaction was led by Hunter alongside Dylan Derrickson, Matt Smith and Eric Estela, reflecting the bank’s dedicated focus on commercial real estate lending. CBRE represented Stockbridge in the financing assignment, advising the borrower on the refinancing strategy and capital execution.
The two Wilmington sites function as industrial outdoor storage rather than traditional warehouse facilities, serving port-oriented users that rely on yard space for equipment, containers or vehicle staging. Their infill location in the South Bay, coupled with full occupancy, underpins the portfolio’s role in serving port-related logistics demand.
The refinancing underscores ongoing lender interest in well-leased industrial outdoor storage assets tied to major port infrastructure. With tenants in place and direct access to freight corridors, the properties appear positioned to benefit from continued goods movement through the Ports of Los Angeles and Long Beach, even as broader capital markets conditions remain selective.
