$32.235M in acquisition financing arranged for McGee Business Center in Inland Empire West

IRVINE, Calif., Dec. 05, 2024 – JLL Capital Markets announced today that it has arranged $32.235 million in acquisition financing for McGee Business Center I & II, a fully leased 231,696-square-foot industrial portfolio located in Chino and Pomona, California.

JLL worked on behalf of the borrower, Proficiency Capital LLC, to secure the three-year, floating-rate loan through a bank.

McGee Business Center comprises two business parks strategically located in the Inland Empire West submarket. Business Park I, situated at 2300 S Reservoir Street in Pomona, consists of four buildings totaling 129,800 square feet. Business Park II, located at 12301-12395 Mills Avenue in Chino, includes five buildings totaling 101,896 square feet. Constructed in 1981 and 1987, the property features 71 industrial suites averaging 3,263 square feet, catering to a diverse mix of local and regional tenants.

The business parks are less than one mile from CA-60 (Pomona Freeway), providing convenient access to CA-71 (Chino Valley Freeway) 2.2 miles away and Interstate 10 approximately 6.7 miles to the north. This strategic location allows tenants to efficiently serve the 6.5 million residents within a 25-mile radius, spanning the Inland Empire, San Gabriel Valley, Orange County and Los Angeles metro areas.

The JLL Capital Markets team was led by Senior Director Peter Thompson and Analysts Kyle White and Nick Englhard.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

With 25+ million square feet of industrial developments valued at over $500 million spanning one thousand acres of land throughout Southern California, Proficiency Capital’s team is passionate about taking on projects that large firms can’t – with a focus on transforming communities. Since 1994, the company has served as a leader in the industrial development sector, having chaired the Legislative Affairs Committee for the NAIOP Inland Empire for over a decade and building trust with local elected officials through its foundation of knowledge in entitlement law. Today, the firm’s decades of experience, trusted relationships with local municipalities and nimble, hands-on approach to industrial development benefits all stakeholders, while affording members a 30,000-foot view of their projects. Services have expanded to include third-party development and management, along with the launch of ambitious joint venture initiatives that offer a one-stop solution to brokers, landowners, community members, and investors of commercial and industrial projects throughout Southern California. For more information, visit https://www.pcllc.com/.