{"id":1004441956,"date":"2020-05-15T05:17:33","date_gmt":"2020-05-15T13:17:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004441956"},"modified":"2020-05-15T05:17:33","modified_gmt":"2020-05-15T13:17:33","slug":"pgim-secures-66m-for-inland-empire-industrial-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/","title":{"rendered":"PGIM Secures $66M for Inland Empire Industrial Deal"},"content":{"rendered":"
\"\"<\/a>

6275 Lance Drive. Image courtesy of Dedeaux Properties<\/i><\/p><\/div>\n

PGIM Real Estate has provided $65.9 million in acquisition financing for a 1 million-square-foot industrial facility in Riverside, Calif. The borrower, TA Realty, took the eight-year, fixed-rate loan to fund its $131.7 million purchase<\/a> of the property from Dedeaux Properties earlier this year.<\/p>\n

CBRE Executive Vice President Val Achtemeier secured the financing. The brokerage also had represented Dedeaux in the sale earlier this year.<\/p>\n

The Class A property features 36-foot clear heights, truck courts ranging from 140 to 185 feet, and 147 cross-dock loading doors. The asset also includes 11,400 square feet of office space and 355 parking spaces. The property is occupied by a tenant in the health-care industry under a 10-year, triple-net lease. <\/p>\n

Located on 52 acres at 6275 Lance Drive, the facility is within a 920-acre master-planned industrial park. Interstate 215 and State Route 60 are 1 mile from the property. The facility neighbors several major regional distribution centers for tenants including Amazon, Pepsi and Kroger.<\/p>\n","protected":false},"excerpt":{"rendered":"

TA Realty took the eight-year, fixed-rate loan to finance its acquisition of the 1 million-square-foot asset earlier this year.<\/p>\n","protected":false},"author":868,"featured_media":1004357123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,34027,21742,15],"tags":[32789,34714,32822,49417],"class_list":["post-1004441956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-inland-empire","category-latest","category-west","tag-cbre","tag-pgim-real-estate","tag-ta-realty","tag-val-achtemeier"],"acf":[],"yoast_head":"\nPGIM Secures $66M for Inland Empire Industrial Deal - 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\/pgim-secures-66m-for-inland-empire-industrial-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PGIM Secures $66M for Inland Empire Industrial Deal\" \/>\n<meta property=\"og:description\" content=\"TA Realty took the eight-year, fixed-rate loan to finance its acquisition of the 1 million-square-foot asset earlier this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-15T13:17:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Dedeaux-Sycamore-Canyon-Distribution-Park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/\",\"name\":\"PGIM Secures $66M for Inland Empire Industrial Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Dedeaux-Sycamore-Canyon-Distribution-Park.jpg\",\"datePublished\":\"2020-05-15T13:17:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pgim-secures-66m-for-inland-empire-industrial-deal\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Dedeaux-Sycamore-Canyon-Distribution-Park.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Dedeaux-Sycamore-Canyon-Distribution-Park.jpg\",\"width\":800,\"height\":620,\"caption\":\"Dedeaux Sycamore Canyon Distribution Park. 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