JLL Capital Markets arranged $17.5 million in pre-development financing for a 22.1-acre parcel located within the World Logistics Center masterplan in Moreno Valley, California. CapRock will have the option to either commence development on an approximately 500,000-square-foot LEED certified industrial warehouse or exit via a land sale upon entitlement of the site.
The proposed CapRock Global Logistics is situated just south of Interstate 60 at Theodore Street’s on/off ramp and features 36 feet clear height, 65 dock high doors and up to 10,000 square feet of two story office space when completed. The larger World Logistics Center will be North America’s largest logistics business park with connectivity to major transportation routes including highways, rail lines and airports as well as Long Beach & Los Angeles Ports and major Western US distribution hubs upon completion.
JLL Capital Markets Debt Advisory team was headed by Senior Managing Director Greg Brown along with Senior Director Peter Thompson & Analysts Spencer Seibring & Kyle White who facilitated this transaction successfully
