September 25, 2015
Industrial development in the Inland Empire continues its upswing.
A Perris industrial project being built by Circle Industrial recently received $42 million in joint-venture and construction financing in a deal arranged by Holliday Fenoglio Fowler (HFF). The development, called Perris Circle Industrial Park, will bring two buildings totaling 594,000 square feet to the city when it is completed early next year. One of the buildings will total 474,000 square feet, while the other is 120,000 square feet.
Circle’s equity partner in the development of Perris Circle Industrial Park is Cigna Realty Investors, and the financing was provided by Wells Fargo.