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ARCADIA, CALIF. — Yellow Iron Investments has received a $69 million construction loan for the Arcadia Logistics Center industrial facility in Arcadia. The Class A facility will be situated on 40 acres directly adjacent to the San Gabriel (605) Freeway.
Arcadia Logistics Center will feature three buildings totaling 698,000 square feet. An additional 42 acres at the site are ground leased to a national build-to-suit developer.
Fullmer Construction will build the center. The loan has a three-year initial term with two one-year extension options. It features interest-only payments during both the initial and extension terms. Keystone Mortgage Corp. provided the financing.