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**Bridge Loan Secures Acquisition of Burbank Industrial Campus**
JLL Capital Markets has arranged acquisition financing for the purchase of an industrial manufacturing campus located at 100-104 E. Graham Place in Burbank. Although the financial terms were not disclosed, JLL secured the acquisition bridge loan on behalf of an affiliate of Alta West Partners and OlivePoint Capital. The financing was provided through a debt fund to support the venture’s value-add investment strategy.
The fully gated and secure campus encompasses 104,795 square feet spread across five buildings. The property is anchored by Haskel International LLC, a wholly owned subsidiary of Ingersoll Rand Inc., which has utilized the location as its Americas headquarters for over 70 years.
The JLL Capital Markets team representing the borrower included Senior Managing Director Jeff Sause, Director Alex Olson, Associate Jalynn Borders, and Analyst Thomas Gonzalez.
“With Burbank’s development pipeline effectively capped by land constraints and competing uses, assets like this benefit from structural supply limitations,” said Sause. “The buyer’s ability to identify this value-add strategy on the vacant space will drive meaningful NOI growth in a market commanding premium rents.”
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