JLL Capital Markets Secures $17.5M Loan For Moreno Valley Development Site

The JLL Capital Markets team has secured $17.5 million in pre-development financing for a 22.1-acre parcel located at 12150 Theodore Street in Moreno Valley's World Logistics Center. The property, owned by CapRock Partners, offers a development site with a building square footage of 500,000 and is situated in a market known for its logistical advantages.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $17,500,000
• Address: 12150 Theodore Street
• Market: Moreno Valley
• Building Square Footage: 500,000

CapRock Partners, led by Patrick Daniels, serves as the landlord for this project. The brokerage team from JLL, consisting of brokers Greg Brown, Peter Thompson, Kyle White, and Spencer Seibring, facilitated the financing deal. With the newly secured funds, CapRock has the option to either develop the property by constructing a warehouse or sell the land once it has been entitled, providing flexibility for future decision-making.