Hawkeye Holdings has announced the closing of a $50 million bridge loan for the acquisition of a $65.5 million, 290,195-square-foot industrial property in Pomona, Calif. The loan was secured and closed by Aries Capital.
The three-year interest-only loan was arranged by Aries Capital through a national balance sheet lender. The sales transaction was negotiated by Lee & Associates, and was the largest industrial transaction completed in Pomona in 2022. CBRE represented the buyer in the transaction.
The warehouse/distribution facility was built in 1982 and is located on a 9.5-acre site at 2875 Pomona Blvd. near the Interstate 10/57 interchange within Los Angeles County. The new owner plans to continue to master lease the entire property for its own use, a leading automobile wheel manufacturer and distributor Katana Racing. The property's sub-tenant Yamamotoyama is the oldest tea company in Japan, having been family owned and operated since 1690.
