PGIM Provides $51M Acquisition Loan For Canyon Industrial Center In San Diego

The Canyon Industrial Center in San Diego has been acquired with the help of a $51 million acquisition loan provided by Trent Brown of PGIM Real Estate to BKM Capital Partners. The industrial property located at 9424-9560 Chesapeake Drive spans 198,728 square feet and is strategically positioned near key transportation hubs.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $51,000,000
• Address: 9424-9560 Chesapeake Drive
• Market: San Diego
• Lender: Trent Brown - PGIM Real Estate
• Landlord: Brian Malliet & Brett Turner - BKM Capital Partners
• Loan Type: Acquisition Loan

PGIM Real Estate's Trent Brown facilitated the $51 million acquisition financing for the Canyon Industrial Center in San Diego, enabling the purchase, renovation, and leasing of the property, which aligns with the industrial market growth in San Diego. The landlords, Brian Malliet and Brett Turner of BKM Capital Partners, played a crucial role in the successful transaction.