JLL Capital Markets arranged the financing from Shelter Growth (SG) Capital Partners for the 5.6-acre property
News release
03 August 2023
Senior financing secured on behalf of Iconic Equities for Industrial Outdoor Storage (IOS) facility in Fontana, California
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LOS ANGELES, Aug. 3, 2023 – JLL Capital Markets announced today that it has arranged $16.2 million in senior financing for the development of a 5.6-acre IOS facility in Fontana, California.
JLL worked on behalf of the borrower, Iconic Equities, to secure the senior financing for the project through SG Capital Partners.
Upon completion, the property will serve as a truck yard and contain a 12,500-square-foot warehouse and distribution building on-site. The property will also provide end-users the unique opportunity to stack metal storage containers while providing ample truck parking in one of the country’s top performing industrial submarkets.
The property is located at 8247 Lime Ave. and is ideally located near the Inland Empire’s largest industrial demand drivers. I-15, which runs north-south through the San Bernardino Valley and Inland Empire, is 3.5 miles west of the site and I-10, a primary arterial connecting Los Angeles to the Inland Empire, is five miles southwest of the site. The property also benefits from its location nearby the San Bernardino intermodal train depot and proximity to the Ontario Airport, LAX, Port of Los Angeles and Port of Long Beach.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm 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.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Iconic Equities
Iconic Equities acquires, develops and manages Industrial real estate with a specialization in Industrial Outdoor Storage (IOS), Light Industrial (LI) Aggregation, Warehouse Development and Cold Storage.
About Shelter Growth Capital Partners
Shelter Growth Capital Partners is affiliated with SG Capital Partners, a private finance company with permanent capital focused on investing across residential and commercial real estate classes. SG Capital Partners has directly sourced and funded over $4.0 Billion in commercial real estate investments since inception.