{"id":1004260379,"date":"2018-08-28T03:25:43","date_gmt":"2018-08-28T11:25:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004260379"},"modified":"2022-12-09T00:52:36","modified_gmt":"2022-12-09T08:52:36","slug":"everwest-jv-lands-13m-for-ca-industrial-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/everwest-jv-lands-13m-for-ca-industrial-property\/","title":{"rendered":"EverWest JV Lands $13M for CA Industrial Property"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004260382\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/341-345-Baldwin-Park.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004260382\" data-attachment-id=\"1004260382\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/everwest-jv-lands-13m-for-ca-industrial-property\/341-345-baldwin-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/341-345-Baldwin-Park.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"341-345 Baldwin Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;341-345 Baldwin Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/341-345-Baldwin-Park.jpg?w=400\" class=\"wp-image-1004260382 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/341-345-Baldwin-Park.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/341-345-Baldwin-Park.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/341-345-Baldwin-Park.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004260382\" class=\"wp-caption-text\">341-345 Baldwin Park<\/p><\/div>\n<p>A joint venture between EverWest Real Estate Investors and an investment partner has landed $12.8 million in financing for three industrial distribution and warehouse buildings in City of Industry, Calif.&nbsp;<\/p>\n<p>Located at 341-345 N. Baldwin Park Blvd., the properties comprise a total of 165,681 square feet. The single-story buildings feature dock levelers and bumpers, truck courts ranging from 60 to 250 feet, loading doors, 6-inch floor thickness, sky lights, insulated ceilings, mezzanine levels, ESFR fire sprinklers, 25- to 26-foot clear heights, 186 parking spaces, 33 loading docks, 37-foot wide driveways and dedicated office space. The assets are located 17 miles from downtown Los Angeles, 33 miles from the ports of Los Angeles and Long Beach and 1 mile from the on-ramps for interstates 605 and 10.&nbsp;<\/p>\n<p>An HFF debt placement team led by Director Matthew Stewart worked on behalf of the borrower to arrange the 10-year, non-recourse loan at a 4.2 percent fixed rate with a correspondent insurance company. HFF will also service the loans.&nbsp;<\/p>\n<p><em>\u201cThe property is located in one of the strongest industrial markets in the country and will benefit from continued rent growth and decreasing market vacancy,\u201d <\/em>Stewart told <em>Commercial Property Executive.&nbsp; &nbsp;&nbsp;<\/em><\/p>\n<p>Last month, in a joint venture with CenterSquare Investment Management, EverWest Real Estate Investors sold The Madison, a Class A office campus in Phoenix\u2019s Camelback Corridor. This sale represents a <a href=\"https:\/\/www.commercialsearch.com\/news\/everwest-centersquare-sell-phoenix-office-campus\/\">$165 million, 24-month transaction and renovation push<\/a> within metro Phoenix for EverWest.&nbsp;<\/p>\n<p><em>Image courtesy of Yardi Matrix <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The three-building asset is located in City of Industry and comprises a total of 165,681 square feet. HFF worked on behalf of the borrower.<\/p>\n","protected":false},"author":746,"featured_media":1004260382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,1594,21742,15],"tags":[40101,32792],"class_list":["post-1004260379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-los-angeles","category-latest","category-west","tag-everwest-real-estate-investors","tag-hff"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EverWest JV Lands $13M for CA Industrial Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/everwest-jv-lands-13m-for-ca-industrial-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EverWest JV Lands $13M for CA Industrial Property\" \/>\n<meta property=\"og:description\" content=\"The three-building asset is located in City of Industry and comprises a total of 165,681 square feet. 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