Bixby Capital Management has secured $142.18 million in financing for a fully leased, 2.16-million-square-foot industrial portfolio spanning California, Florida, Georgia and Texas. The portfolio also includes a 46,182-square-foot office property located in Irvine, Calif.
JLL worked on behalf of the borrower to secure the 10-year, fixed-rate loan through PGIM Real Estate.
The portfolio comprises eight class A well-located warehouse and distribution facilities in highly desirable industrial markets. With an average vintage of 2014, the facilities feature clear heights ranging from 28–36 feet; ample dock doors; and strategic positioning near key logistics hubs such as the ports of Los Angeles, Long Beach, Houston and Savannah, as well as Hartsfield-Jackson Atlanta International Airport. Additionally, the industrial properties are 100 percent leased to 13 tenants across a variety of industries, including third-party logistics