JLL arranges $81.6M financing for Otay River Business Park in Chula Vista
United States, Sept. 3 -- JLL Capital Markets announced it has arranged $81.6 million in financing for Otay River Business Park, a 369,803-square-foot industrial and retail business park located at 2925-2945 Main St. and 2775-2970 Faivre St. in Chula Vista, California. JLL worked on behalf of the borrower, Sudberry Properties, to secure a floating-rate, five-year loan through a debt fund. The loan includes future funding for construction completion and leasing costs.The property is strategically positioned just east of Interstate 5 in Chula Vista, offering exceptional connectivity to San Diego, Mexico, Los Angeles and the broader western United States via Interstate 5, 805, 8 and California State Routes 54, and 905. The development comprise...
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