October 16, 2017 Comments Off on $105M Financing for Clarion’s Brickyard Views: 794 California News, Los Angeles

$105M Financing for Clarion’s Brickyard

HFF arranged $105 million in financing for The Brickyard, a two-building, industrial facility totaling roughly one million square feet in Compton, CA. The HFF team worked on behalf of Clarion Partners and a separate account client to place a floating-rate loan with a foreign bank.

Developed in 2016, the Class A, LEED Gold property is now fully leased to UPS and Best Buy, which are under long-term leases. Situated on 58 acres at 1701 North Central and 1430 McKinley Avenues, The Brickyard is located in the South Bay submarket along the Alameda Corridor.

HFF’s Bruce Ganong, Steven Paskover and Bercut Smith represented the borrower.

The Brickyard was built on a former brick manufacturing site. Dallas-based Trammell Crow Co. was a development partner on the project.

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