{"id":1004784186,"date":"2026-01-16T05:05:49","date_gmt":"2026-01-16T13:05:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004784186"},"modified":"2026-01-16T05:05:51","modified_gmt":"2026-01-16T13:05:51","slug":"exclusive-bridge-industrial-lands-60m-la-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-bridge-industrial-lands-60m-la-refi\/","title":{"rendered":"Exclusive: Bridge Industrial Lands $60M LA Refi"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a39b1aba1204&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004784188\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-bridge-industrial-lands-60m-la-refi\/sierra-business-park-building-6\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Sierra-Business-Park-Building-6.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"Sierra Business Park Building 6\" data-image-description=\"&lt;p&gt;Image from YM&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Last year, the firm expanded its California footprint with the acquisition of Building 6 within Sierra Business Park. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Sierra-Business-Park-Building-6.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Sierra-Business-Park-Building-6.jpg\" alt=\"Exterior shot of Building 6 within Sierra Business Park, an industrial facility in Torrance, Calif.\" class=\"wp-image-1004784188\" style=\"width:399px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Sierra-Business-Park-Building-6.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Sierra-Business-Park-Building-6.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Last year, the firm expanded its California footprint with the acquisition of Building 6 within Sierra Business Park. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Bridge Industrial has obtained $60.4 million to refinance BridgePoint South Bay II, a 203,877-square-foot property in Torrance, Calif., according to Yardi Matrix. Barings provided the note.<\/p>\n\n\n\n<p>Previous financing included a $38.5 million note from National Life Insurance Co. in October 2021, the same data provider shows. The company also took out a $9.6 million note from CrossHarbor Capital Partners.<\/p>\n\n\n\n<p>The property came online in 2023 at 2050 Normandie Ave., less than 3 miles from the city center. Los Angeles International Airport is 12 miles away, while downtown Los Angeles is 17 miles northeast.<\/p>\n\n\n\n<p>The building has 32-foot clear heights and about 5 percent of office space. It is LEED Gold-certified and has 21 dock-high loading doors and two at drive-in doors. Additionally, there are 204 parking spaces.<\/p>\n\n\n\n<p>Bridge Industrial is an active developer and investor in the sector. About a year ago, Bridge and CPP Investment formed a <a href=\"https:\/\/www.commercialsearch.com\/news\/cpp-investments-bridge-industrial-launch-789m-jv\/\">$789 million joint venture<\/a> focused on industrial assets. Bridge Industrial took a 5 percent stake, while CPP holds the other 95 percent. That was the second partnership between the two companies, with their initial develop-to-core venture formed in 2021.<\/p>\n\n\n\n<p>Last year, the firm expanded its California footprint. In November, the firm acquired Building 6 within Sierra Business Park in Fontana, Calif. The firm paid $174.3 million for the 1.1 million-square-foot facility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-la-industrial-sector-recovers\">LA industrial sector recovers<\/h2>\n\n\n\n<p>Greater Los Angeles\u2019 industrial fundamentals have cooled from their recent peak, but the market held steady through 2024 and 2025, a pattern consistent with current <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">industrial market trends<\/a> across major coastal metros.\u201d. As of the fourth quarter of last year, the metro\u2019s vacancy rate stood at 5.8 percent, up modestly from 5.4 percent a year earlier, according to Kidder Mathews.<\/p>\n\n\n\n<p>Looking ahead, Kidder Mathews anticipates improved conditions in early 2026, supported by stronger leasing and investment activity. Institutional buyers, backed by ample capital and easing interest rates, are expected to remain active, while demand from logistics and advanced manufacturing users should further bolster the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barings provided the note.<\/p>\n","protected":false},"author":1023,"featured_media":1004784188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21783,1594,21742,15],"tags":[34275,51470],"class_list":["post-1004784186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-barings","tag-bridge-industrial"],"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>Exclusive: Bridge Industrial Lands $60M LA Refi - 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