A total of US 49.2 million in construction financing has been secured for the construction of Birtcher Logistics Center Fontana. As reported by JLL Capital Markets, the three-year loan was secured by Birtcher Development LLC from a life insurance firm with two one-year extensions.
According to Brooke Birtcher Gustafson, Managing Director of Birtcher Development, “JLL’s Capital Markets Debt Advisory team did an incredible job facilitating bids for financing this project and seeing it through to closing, despite the current economic headwinds the investment market is facing.”
For real estate investors and occupiers around the world, JLL Financing Markets offers full-service financing solutions. Clients receive best-in-class solutions from the firm, whether they need assistance with investment sales and advisory, debt advisory, equity advisory, or recapitalization. The company has operations in close to 50 countries and more than 3,000 Capital Markets specialists worldwide.
Also Read: 1st Phase of Palomino Ranch Business Park Project in Norco, California, Completed
A glimpse into the Birtcher Logistics Center in Fontana
The facility is a 330,048-square-foot Class A industrial distribution facility being built in Fontana, California. The property is situated on more than 13 acres in one of the strongest industrial areas in the United States. It is located at the southwest corner of Banana Avenue and Santa Ana Avenue.
The cutting-edge distribution centre will have a 185-foot truck court and 51 dock-high entrances. Additionally, it will have 85 trailer parking spaces and 36-foot clear heights. The Inland Empire West submarket is the perfect location for the site. The five-mile distance to the Ontario International Airport and the Union Pacific Intermodal Yard adds to the location’s advantages.
From the Birtcher Logistics Center, businesses may easily provide services to all of Southern California and the 11 Western states in less than two days of travel.
