JLL Capital Markets Arranges $96.5M Construction Loan For The Base Logistics Development In Glendale, AZ

The Base, Phase I, a logistics development comprising seven buildings totaling 1.2 million square feet in Glendale, Arizona, has secured $96.5 million in construction financing. The loan was arranged by JLL Capital Markets on behalf of the project. The development site is located at the northwest corner of Litchfield Road and Bethany Home Road, spanning across 82.55 acres. The deal involves Bank OZK acting as the lender and ViaWest Group as the landlord.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $96,500,000
• Market: Glendale, AZ
• Asset Size: 1,200,000 BSF
• Land Area: 82.55 acres
• Borrower: The Base, Phase I
• Lender: Bank OZK
• Landlord: ViaWest Group
• Brokers: Jarrod Howard, Jason Carlos & Kevin MacKenzie - JLL

JLL Capital Markets played a key role in securing the construction financing for The Base, Phase I. Jarrod Howard, Jason Carlos, and Kevin MacKenzie from JLL acted as brokers in the deal, facilitating the loan arrangement between Bank OZK and ViaWest Group. The funding will support the development of the logistics project, which is set to encompass a total of seven buildings and offer 1.2 million square feet of space.