The development site located at the southwest corner of Banana Avenue and Santa Ana Avenue in Fontana, California, has secured $49.2 million in construction financing. The state-of-the-art industrial facility, spanning 330,048 square feet, is owned by Birtcher Development LLC, represented by Brooke Birtcher Gustafson. This prime location offers amenities and convenience to efficiently serve the Western states and Southern California.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $49,200,000
• Address: Southwest Corner of Banana Avenue & Santa Ana Avenue
• Market: Fontana
• ACRES: 13

The construction loan of $49.2 million was secured by JLL Capital Markets for the development of Birtcher Logistics Center Fontana. The loan has a three-year term with two one-year extensions. The brokers involved in this deal are Greg Brown, Peter Thompson, and Spencer Seibring, all representing JLL.