Clarion Partners Provides Financing for 600,000 SF Industrial Property in Riverside, California

by Jeff Shaw

RIVERSIDE, CALIF. — Clarion Partners has provided a has provided a mezzanine loan that’s part of the acquisition financing package collateralized by an industrial building in Riverside. 

An affiliate of Societe Generale arranged the $10 million mezzanine loan subordinate to a $70 million senior loan. 

The Class A, 600,000-square-foot facility is fully leased and serves as the headquarters for a third-party logistics provider.

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