Northmarq secures $52M in financing for three industrial properties
NEWPORT BEACH, Calif. — Northmarq’s Newport Beach Debt and Equity team led by Scott Botsford, Joe Giordani and Charlie Buckingham arranged $52 million in refinancing for three single‑tenant industrial properties located in Ontario and Rancho Dominguez, California.
The portfolio includes three fully leased, modern industrial facilities totaling more than 420,000 square feet across high‑demand logistics submarkets with proximity to major transportation corridors, port infrastructure and key regional distribution hubs.
Northmarq arranged financing on behalf of the borrower, The Carson Companies, through a correspondent relationship with State Farm. The transactions were structured on 15‑year terms with full-term interest-only, at a 115-basis‑point spread over the 15‑year interpolated Treasury, resulting in a 5.37% interest rate.
The properties include:
- Ontario Airport Mission Center | 1450 E. Mission Blvd., Ontario, California | 168,361 sq. ft. | built in 2002.
- Broadwick Technology Center | 18301 S. Broadwick St., Rancho Dominguez, California | 115,925 sq. ft. | built in 1998.
- 18410 Broadwick Warehouse | 18410-18420 S. Broadwick St., Rancho Dominguez, California | 135,800 sq. ft. | built in 2000.
“This was an ultra-competitive bid process due to the high-quality sponsor that Carson Companies represents and the institutional quality of the industrial assets,” said Giordani. “When State Farm wins a deal it reflects best-in-class pricing and ensures a smooth, reliable closing experience for all parties.”
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