JLL Capital Markets arranged $17.5 million in pre-development financing for a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley, California. Upon entitlement, CapRock will have the option to either commence development on an approximately 500,000-square-foot LEED certified industrial warehouse or exit via a land sale.
The proposed CapRock Global Logistics is located just south of the 60 freeway at Theodore St., featuring 36 foot clear height and 65 dock high doors with up to 10,000 square feet of two story office space upon completion. The larger World Logistics Center is set to be North America’s largest logistics business park when finished and offers connectivity to major transportation routes including highways, rail lines and airports as well as Long Beach and Los Angeles ports plus other Western U.S distribution hubs .
Leading JLL Capital Markets Debt Advisory team was senior managing director Greg Brown along with senior director Peter Thompson plus analysts Spencer Seibring & Kyle White who successfully arranged this pre-development financing deal for CapRock Global Logistic Warehouse project at Moreno Valley’s World Logistic Centre Master Plan site
