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Newcastle Partners Receives $65.1M Construction Loan for 631,011 SF Ellis Avenue Logistics Center in Perris, California
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Newcastle Partners Receives $65.1M Construction Loan for 631,011 SF Ellis Avenue Logistics Center in Perris, California
PERRIS, CALIF. — Newcastle Partners has received $65.1 million in senior construction financing for the development of Ellis Avenue Logistics Center, an industrial project in Perris. Greg Brown, Allie Black and Nick Englhard of JLL Capital Markets secured the floating-rate, five-year (inclusive of extensions) loan through Bank OZK for the borrower. The 631,0011-square-foot warehouse and distribution facility will feature a clear height of 40 fee…
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