{"id":1004728475,"date":"2024-09-10T04:13:42","date_gmt":"2024-09-10T12:13:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004728475"},"modified":"2024-09-10T05:25:34","modified_gmt":"2024-09-10T13:25:34","slug":"deca-gets-135m-for-inland-empire-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/","title":{"rendered":"DECA Gets $135M for Inland Empire Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004728482\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/perris-gateway-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\" data-orig-size=\"1377,1034\" 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;0&quot;}\" data-image-title=\"Perris Gateway\" data-image-description=\"&lt;p&gt;The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. Image courtesy of DECA Cos.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. Image courtesy of DECA Cos.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\" alt=\"Rendering of the future Perris Gateway warehouse in Perris, Calif.\" class=\"wp-image-1004728482\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg 1377w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. <em>Image courtesy of DECA Cos.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture of DECA Cos. and Wildcat Capital Management has received a $135 million loan to finance the development and lease-up of an 850,000-square-foot industrial property in Perris, Calif. Bank OZK was the senior lender, while Affinius Capital originated the subordinate portion of the note.<\/p>\n\n\n\n<p>The partners broke ground on Perris Gateway in January. Apart from the logistics component, the development also includes a 37,000-square-foot retail component that is already presold. <\/p>\n\n\n\n<p>Upon completion, the warehouse will feature 40-foot ceiling heights, 124 dock-high doors, four drive-in doors and 4,000 amps of power, as well as 348 auto parking stalls and 308 trailer parking stalls.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-socal-industrial-market-faces-temporary-slowdown\/\">SoCal Industrial Faces Temporary Slowdown<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The site is just off Interstate 215, at the intersection of Ramona Expressway and Nevada Road, 75 miles from both the Port of Long Beach and the Port of Los Angeles. The location also provides connectivity to such key markets as Las Vegas, Phoenix, San Diego and Tucson, but also San Francisco, Reno, Salt Lake City and Albuquerque.\u00a0<\/p>\n\n\n\n<p>Affinius Managing Director Tom Burns said, in prepared remarks, that the Inland Empire is seeing strong leasing velocity for industrial buildings larger than 750,000 square feet and that this will be one of only a few large cross-dock buildings newly available for lease in 2025.<\/p>\n\n\n\n<p>DECA did not reply to <em>Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sustained-growth\">Sustained growth<\/h2>\n\n\n\n<p>In February, <a href=\"https:\/\/www.commercialsearch.com\/news\/the-industrial-strength-of-the-inland-empire\/\"><em>CPE<\/em> reported in depth<\/a> on the industrial sector in Riverside and San Bernardino counties, noting that despite being one of the nation\u2019s largest industrial markets, the Inland Empire continues to grow\u2014as a percentage of current inventory\u2014at a rate higher than all but two other markets, Phoenix and Dallas.<\/p>\n\n\n\n<p>And in July, a <a href=\"https:\/\/www.commercialsearch.com\/news\/the-inland-empires-industrial-strength-doesnt-wane\/\">market update based on CommercialEdge data<\/a> showed that both space in the development pipeline and deliveries have surged since 2023. However, vacancy rose by 4.4 percentage points year-over-year as of May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank OZK and Affinius Capital provided the construction financing.<\/p>\n","protected":false},"author":882,"featured_media":1004728482,"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":[52016,41597],"class_list":["post-1004728475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-inland-empire","category-latest","category-west","tag-affinius-capital","tag-bank-ozk"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DECA Gets $135M for Inland Empire Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"DECA Cos. and Wildcat Capital Management obtained a $135 million loan for Perris Gateway, an industrial project in Perris, 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\/deca-gets-135m-for-inland-empire-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DECA Gets $135M for Inland Empire Project\" \/>\n<meta property=\"og:description\" content=\"DECA Cos. and Wildcat Capital Management obtained a $135 million loan for Perris Gateway, an industrial project in Perris, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-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=\"2024-09-10T12:13:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T13:25:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1377\" \/>\n\t<meta property=\"og:image:height\" content=\"1034\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/deca-gets-135m-for-inland-empire-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/\",\"name\":\"DECA Gets $135M for Inland Empire Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\",\"datePublished\":\"2024-09-10T12:13:42+00:00\",\"dateModified\":\"2024-09-10T13:25:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"DECA Cos. and Wildcat Capital Management obtained a $135 million loan for Perris Gateway, an industrial project in Perris, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg\",\"width\":1377,\"height\":1034,\"caption\":\"The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. Image courtesy of DECA Cos.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DECA Gets $135M for Inland Empire Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DECA Gets $135M for Inland Empire Project - Commercial Property Executive","description":"DECA Cos. and Wildcat Capital Management obtained a $135 million loan for Perris Gateway, an industrial project in Perris, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/","og_locale":"en_US","og_type":"article","og_title":"DECA Gets $135M for Inland Empire Project","og_description":"DECA Cos. and Wildcat Capital Management obtained a $135 million loan for Perris Gateway, an industrial project in Perris, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-09-10T12:13:42+00:00","article_modified_time":"2024-09-10T13:25:34+00:00","og_image":[{"width":1377,"height":1034,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/","url":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/","name":"DECA Gets $135M for Inland Empire Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg","datePublished":"2024-09-10T12:13:42+00:00","dateModified":"2024-09-10T13:25:34+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"DECA Cos. and Wildcat Capital Management obtained a $135 million loan for Perris Gateway, an industrial project in Perris, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg","width":1377,"height":1034,"caption":"The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. Image courtesy of DECA Cos."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/deca-gets-135m-for-inland-empire-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"DECA Gets $135M for Inland Empire Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Perris-Gateway-edited.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004728475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004728475"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004728475\/revisions"}],"predecessor-version":[{"id":1004728488,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004728475\/revisions\/1004728488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004728482"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004728475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004728475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004728475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}