Brookfield Secures $130.5 Million Construction Loan for Rialto Logistics Center
Brookfield has secured $130.5 million in construction financing from Apollo for its new Locust Gateway Logistics Center. This Class A industrial facility, spanning 664,859 square feet, will be located at 2125 West Lowell Street in Rialto, California. The financing package provided by Apollo is structured as a five-year term.
The site for the new logistics center is situated on a parcel that was formerly part of the Rialto Airport, which has been closed for 12 years. Rialto is an Inland Empire city located approximately 54 miles east of Los Angeles. CBRE’s Tom Rugg, Tom Traynor, Val Achtemeier, Mark Finan, and Henry Fenmore were responsible for arranging this significant transaction.
This development signifies continued investment in the Inland Empire's industrial market, transforming a former airport site into a modern logistics hub. For developers and lenders, it highlights the availability of substantial construction financing for large-scale industrial projects in key Southern California markets.
More in California
· Los Angeles, California
Proposal Submitted for 10 Small Lot Homes with ADUs in Los Angeles’ Sylmar Neighborhood
· San Francisco, California
Building Permits Filed for Two-Unit Residential Project at 1000 Stanyan Street in San Francisco
· Milpitas, California
Environmental Review Initiated for 791-Unit Murphy Village Development in Milpitas
· Newport Beach, California
Nexus Development Secures $276M Refinancing for Newport Beach Senior Housing Properties
· Pasadena, California
Christie’s International Real Estate Southern California Expands into Pasadena with New Office and High-Producing Agents