Mesa West Capital Originates $30M Acquisition Loan for Industrial Property in Newark, California

Mesa West Capital Originates $30M Acquisition Loan for Industrial Property in Newark, California

NEWARK, CALIF. — Mesa West Capital has provided a joint venture between Palisade Group and Pearlmark with $30 million in first mortgage debt for the acquisition, renovation and lease-up of 7411 Central Avenue, an industrial building in Newark. Built in 1998, the 143,000-square-foot property was fully vacant at the time of financing and acquisition. The property features a clear height of 24 feet, 33 dock-high doors, 12 grade-level doors and 310 …

Palisade Group and Pearlmark Acquire 143,000 SQFT Newmark Industrial Property for $34MM

Joint venture targets advanced manufacturing tenants in Newark as AI sector drives Bay Area demand Palisade Group and Pearlmark Real Estate have completed a $34 million ($238 per square foot) acquisition of a 143,000-square-foot industrial property in Newark, California, betting that surging demand from advanced manufacturing tenants will reward a comprehensive renovation of the currently […] The post Palisade Group and Pearlmark Acquire 143,000…