Clarion Partners Lands $105M for LA Industrial Facility
- Oct 13, 2017
Clarion Partners secured $105 million in financing for The Brickyard, a fully-leased, Class A industrial facility in the Los Angeles submarket of Compton, Calif. HFF worked on behalf of Clarion Partners and its separate account client to place a floating-rate loan with a foreign bank.
Situated on 56 acres at 1701 North Central Ave. and 1430 McKinley Ave., The Brickyard is located in the heart of Los Angeles’ South Bay industrial submarket and offers close proximity to the Alameda Corridor, a 20-mile freight rail expressway that directly connects the transcontinental rail network near downtown Los Angeles to the Ports of Los Angeles and Long Beach.
The property comprises two buildings and is LEED Gold certified. The one million-square-foot facility was built in 2016 and is home to UPS and Best Buy, both under long-term leases. The asset features 576 parking spaces, sky lights, insulated ceilings, ESFR fire sprinklers, loading doors and cross docks.
The HFF debt placement team of Senior Managing Director Bruce Ganong, Director Steven Paskover and Analyst Bercut Smith represented the borrower.
Image courtesy of Yardi Matrix