NEWPORT BEACH, CA—Carl Fuller of The Alison Company recently provided a $17,725,000 forward commitment on two distribution buildings located in Riverside, California. Company Vice President Shaun Moothart, also closed recently on $10,150,000 in permanent financing for a Southern California portfolio consisting of four properties totaling 212,000 square feet.
The two properties total 850,000 square feet with four tenants and varying lease terms. A correspondent life insurance company provided the seven-month forward commitment for a term of 10 years amortized over 25 years. Founded in 1934, The Alison Company is a full service commercial real estate mortgage banking firm, operating as a servicing correspondent with representation for over a dozen life insurance companies.
The portfolio deal closed by Moothart includes acquisition of a grocery anchored retail property located
on the southeast corner of Centinela Avenue and North La Brea Avenue in Los Angeles, CA. The property measures 34,000 square feet, a relatively small platform store 100% occupied by Ralph's. The grocery store is part of a major supermarket chain in the Southern California area and the largest subsidiary of Cincinnati-based Kroger.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
