Press Release brought to you by PCCP, LLC
PCCP Provides $28M Senior Loan to Xebec Realty Partners for the Development of a State-Of-The-Art Industrial Park in Azusa, C
Los Angeles, October 13, 2014 – PCCP, LLC announced today that it has provided a $28
million senior loan to an affiliate of Xebec Realty Partners for the development of 10th Street Center, a three‐building 342,629‐square‐foot Class A industrial park located in Azusa, California. The 21.6‐acre site was acquired in June 2013 by an affiliate of Xebec Realty Partners. The site has been successfully entitled for industrial use and construction will begin immediately on three speculative buildings. The first building will total approximately 88,349 square feet, the second building will total approximately 75,278 square feet, and the third building will total approximately 179,002 square feet. The facilities will have state‐of‐the‐art features that include a 32‐foot clear height and ESFR sprinkler system.
10/13/2014 - 11:34