{"id":1004675269,"date":"2023-08-07T06:43:39","date_gmt":"2023-08-07T14:43:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004675269"},"modified":"2023-08-07T06:44:28","modified_gmt":"2023-08-07T14:44:28","slug":"iconic-equities-gets-financing-for-inland-empire-ios-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iconic-equities-gets-financing-for-inland-empire-ios-project\/","title":{"rendered":"Iconic Equities Gets Financing for Inland Empire IOS Project"},"content":{"rendered":"
\"Rendering<\/a>

Iconic Equities’ IOS project will take shape on 5.7 acres in Fontana, Calif. Image courtesy of JLL<\/em><\/p><\/div>\n

Iconic Equities<\/strong> has received $16.2 million in senior financing for an industrial outdoor storage<\/a> project in Fontana, Calif. JLL Capital Markets<\/strong> worked on behalf of the borrower to secure the financing through SG Capital Partners<\/strong>.<\/p>\n

Located at 8247 Lime Ave., the development will comprise a truck yard and a 12,500-square-foot distribution facility. The 5.7-acre property is close to interstates 15 and 10 and within 66 miles of Los Angeles International Airport and the Port of Los Angeles. Ontario International Airport is roughly 10 miles southwest.<\/p>\n

Despite current economic conditions, e-commerce is still growing, driving tenant demand for industrial outdoor storage assets, a recent Marcus & Millichap<\/strong> report shows. IOS properties recorded some of the lowest vacancy rates, below 3 percent on average as of March, the same report reveals.<\/p>\n

Since the beginning of the year, several joint ventures were created for the acquisition and development of new IOS products. One of these partnerships emerged in April, when Centerbridge Partners joined forces with Dalfen Industrial<\/a>, planning to invest in markets with major ports and key logistics nodes.<\/p>\n

In March, GreenPoint Partners launched a $500 million IOS storage platform<\/a>, with GCM Grosvenor as its main investor. The investment funds will be used for acquisition of semi-truck parking and trailer storage assets across the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"

SG Capital Partners provided more than $16 million.<\/p>\n","protected":false},"author":2991,"featured_media":1004675290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,34027,21742,15],"tags":[52108,32796,34836],"class_list":["post-1004675269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-inland-empire","category-latest","category-west","tag-iconic-equities","tag-jll","tag-marcus-millichap"],"acf":[],"yoast_head":"\nIconic Equities Gets Financing for Inland Empire IOS Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Iconic Equities received $16.2 million in senior financing from SG Capital Partners for an IOS project in Fontana, Calif.\" \/>\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\/iconic-equities-gets-financing-for-inland-empire-ios-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iconic Equities Gets Financing for Inland Empire IOS Project\" \/>\n<meta property=\"og:description\" content=\"Iconic Equities received $16.2 million in senior financing from SG Capital Partners for an IOS project in Fontana, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/iconic-equities-gets-financing-for-inland-empire-ios-project\/\" \/>\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=\"2023-08-07T14:43:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-07T14:44:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Lime-Rendering.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3334\" \/>\n\t<meta property=\"og:image:height\" content=\"2550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/iconic-equities-gets-financing-for-inland-empire-ios-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/iconic-equities-gets-financing-for-inland-empire-ios-project\/\",\"name\":\"Iconic Equities Gets Financing for Inland Empire IOS Project - 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