JLL arranges sale and financing of 200K-SF shallow bay business park in Los Angeles’ San Gabriel Valley

•  JLL Capital Markets arranged the $60.65 million sale and $42.91 million in financing of Walnut Tech Business Center.
• Walnut Tech Business is an 11-building shallow bay business park totalling 200,049 square feet in Walnut, California.
• The 94% leased property features 109 individual suites across industrial, flex office and retail designations.

LOS ANGELES, Sept. 24, 2026 – JLL Capital Markets announced today the $60.65 million sale of Walnut Tech Business Center, a 200,049-square-foot shallow bay business park in Walnut, California.

JLL represented the seller, AEW, in the transaction. JLL also arranged acquisition financing through a bank on behalf of the buyer, CIP Real Estate II LLC.

The JLL Capital Markets team representing the seller included Senior Managing Director Patrick Nally, Executive Vice President Evan Moran, Senior Director Chad Solomon, Associate Shae Vomund, and Analyst Lauren O’Neill.

JLL’s Debt Advisory team was led by President Kevin Mackenzie, Senior Director Peter Thompson, Associate Kyle White and Analyst Colter Smith.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

For 45 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide.   As one of the world’s largest real estate investment advisors¹, AEW and its affiliates manage $85.5 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of March 31, 2026).  Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum.  AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.  For more information, please visit www.aew.com.

CIP Real Estate is a full-service real estate investment company focused on the acquisition, repositioning, re-branding, and management of industrial assets throughout West Coast, Southeast and Texas markets. Founded in 1995 and based in Irvine, CA, the company owns and manages over 10.0 million square feet of quality properties, with offices in Ontario (CA), Riverside (CA), Hayward (CA), Las Vegas, Charlotte, Atlanta,   Dallas and Florida. www.ciprealestate.com

¹Source: “2025 IREI.Q Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2024. As of September 30, 2025. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe and its subsidiaries. AEW Europe and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $86.3 billion includes $41.8 billion in assets managed by AEW Europe and its affiliates, $4.3 billion in regulatory assets under management of AEW Capital Management, L.P., and $40.1 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice.