CHERRY VALLEY, CA – Shopoff Realty Investments has secured a $105 million construction loan for a logistics center project in Cherry Valley, CA. Shopoff Realty Investments is developing the project in partnership with Artemis Real Estate Partners.
The company secured the financing from Bank OZK.
Situated on 155 acres of land near the I-10 freeway and Cherry Valley Blvd. interchange, the project comprises two high-cube logistics/warehouses buildings, which encompass a total of 1,832,667 square feet of floor area. Building one will span 814,822 square feet of space and building two will span 1,017,845 square feet of space.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
