Mesa West Capital has provided an $87.8 million loan to Dedeaux Properties for the acquisition and lease-up of a new construction 1 million-square-foot industrial property in Riverside. The loan is a five-year, floating rate debt package.

Dedeaux purchased the property earlier this month. The asset sits on 52-acres of land and features 147 dock-high doors, a 710-foot building depth, 185-foot secured concrete truck courts, and a 36-foot clear height.

The property was delivered vacant, but Dedeaux plans to lease the building to a single user on a long-term basis.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.