The JLL Capital Markets team has secured $26 million in bridge financing for North Palisade Partners’ 7.75-acre industrial outdoor storage facility in Anaheim.
The 337,500-square-foot property, dubbed the Palisade Anaheim Logistics Center at 1477 N. Jefferson Street, is fully leased to FedEx Ground Package System, Inc. and used as secured parking for delivery trucks and trailers supporting nearby distribution centers.
JLL’s debt advisory team of Peter Thompson, Kyle White and Nick Englhard arranged the loan, a non-recourse, three-year floating-rate deal, for the Newport Beach-based North Palisade Partners. Other terms were not disclosed.
According to CoStar, North Palisade Partners purchased the site from PBF Energy for $14 million in 2020.
