Clarion Provides Mezz Loan on Inland Empire Acquisition 

A separate account managed by Clarion Partners LLC has provided a $10-million mezzanine loan subordinate to a $70-million senior loan originated by an affiliate of Societe Generale. The mezzanine loan is part of an acquisition financing package collateralized by a Class A, 600,000-square-foot industrial building located in Riverside.

The property is 100% leased and serves as the headquarters for a third-party logistics provider. Built in 2019, it features 36’ clear ceiling heights, 84 dock high doors, 148’ to 180’ secured concrete truck court depths, ESFR fire sprinklers, LED light fixtures, and 98 trailer parking stalls.

"We believe that this is a compelling mezzanine investment opportunity based on Clarion Partners’ firsthand knowledge of the Inland Empire industrial market," said managing director Drew Fung. "Strategically, we believe investments in Class A industrial product in distribution markets with strong fundamentals have a potential for durable cash flow and value in the long term."

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).