Nearon Enterprises Refinances Dixon Commerce Center With $30M Loan From PNC Bank - CBRE

Nearon Enterprises has obtained $30 million in refinancing for the Dixon Commerce Center, a 447,042-square-foot industrial property located at 2299 Commerce Way in Dixon, California. The property is situated on approximately 26 acres and is strategically located near State Route 113 and Interstate 80. The primary tenant of the property is the State of California, which recently extended its lease. The loan, arranged by CBRE through PNC Bank, will allow Nearon Enterprises to refinance the property and continue its operations in Dixon.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,000,000
• Address: 2299 Commerce Way, Dixon, California
• Market: Dixon

The refinancing deal for the Dixon Commerce Center was facilitated by CBRE, with Shaun Moothart, Bob Ybarra, Nick Santangelo, Jim Korinek, Bruce Francis, and Doug Birrell representing Nearon Enterprises. PNC Bank provided the loan for the transaction, which is a fixed-interest, non-recourse loan.