JLL Capital Markets Arranges $33.8M Loan for New 428,185-SF Hesperia Industrial Development Along I-15
Hesperia, California (Our Hesperia) – JLL Capital Markets arranged $33.8 million in construction financing for a new 428,185-square-foot Class A industrial facility at 10400 Amargosa Road in Hesperia, California, expected to complete construction in about 11 months and serve Inland Empire logistics users.
- Loan arranged: $33.8 million first-lien construction financing (often rounded to $34 million).
- Lender: TDA Investment Group (on behalf of a pension client), five-year fixed-rate with extension options.
- Project: 428,185-SF single-tenant Class A building on 21.5 acres with modern logistics specs and EV charging.
Financing and deal structure
JLL’s Debt Advisory team arranged a first-lien construction loan of $33.8 million through TDA Investment Group. The commitment is a fixed-rate, five-year facility with extension options, structured on behalf of a pension client. JLL’s Debt Advisory team was led by Matt Stewart, Kellan Liem, Allie Black and Cameron Sepahi.
Senior Managing Director Matt Stewart described the project as “a state-of-the-art logistics facility in one of Southern California’s most rapidly growing industrial corridors,” citing the I-15 location and modern specifications as key investor draws.
Project features and design
The to-be-built facility targets heavy logistics users with the following specifications:
- Size and site: 428,185 square feet on 21.5 acres at 10400 Amargosa Road.
- Building specs: 36-foot clear heights, rear-load configuration, ESFR fire sprinkler system, approximately 8,000 SF of office buildout.
- Truck and parking: 100% secure truck court with 59 trailer stalls and 216 auto spaces, including EV charging.
- Doors & power: 49 dock-high doors, 2 grade-level doors, and 4,000A/480V electrical capacity (per public listings).
Public marketing materials and broker listings provide detailed specs; see the CBRE listing and LoopNet listing for floor plans, photos and a 3D tour.
Location and market context: Inland Empire logistics hub
The site sits along Interstate 15 in Hesperia’s growing Hesperia–Victorville logistics corridor, roughly 15 miles from State Routes 18 and 395 and near Southern California Logistics Airport and Ontario International Airport. The Inland Empire serves the Greater Los Angeles Basin, benefiting from proximity to the Ports of Los Angeles and Long Beach and major highways.
Nearby operators and users include national logistics and manufacturing companies such as Amazon, Maersk, Peloton and Boeing, underscoring demand for modern distribution space in the region.
Current status, listings and market signals
The financing announcement dates to mid-to-late February 2026. Broker marketing is live via CBRE, with contacts Wes Jones, James Toomarian and Walt Arrington; pricing is available upon inquiry. Public reporting to date documents the loan and marketing materials but does not show clear public confirmation of permit approvals or construction commencement beyond the financing announcement.
Some outlets round the loan figure to $34 million; reporting sources include the JLL newsroom announcement, the Los Angeles Times, ReBusinessOnline and broker listings on CBRE and LoopNet.
Local implications: jobs, infrastructure and oversight
Economic impact: The development is expected to create construction jobs and operations roles once leased, and to increase local property tax revenue. Institutional financing (a pension client) signals investor confidence in Hesperia’s business environment.
Infrastructure & services: Large industrial sites bring heavy truck traffic and higher demand for public safety and utilities. City planners should confirm truck routing, roadway contributions, stormwater control and public-safety coordination as conditions of approval.
Permitting and local control: Financing does not replace municipal approvals. Hesperia officials retain authority to require mitigations, monitor environmental impacts (air quality, stormwater, noise) and enforce community protections. Residents and officials should seek transparency on permit timelines and mitigation commitments.
Reporting, transparency and outstanding questions
Public materials clearly document capital sources and project specs, but available reporting lacks detailed updates on city approvals, permit milestones, community outreach and construction start dates. Key practical questions for local stakeholders include:
- When will grading and site work begin?
- What truck routes and traffic mitigations will be implemented?
- What specific community benefits, local hiring or mitigation fees are included in approvals?
Local officials, residents and community organizations should consult the City of Hesperia planning department and the developer for permit records and conditions of approval to ensure the project proceeds with required safeguards.
Reporting sources
- JLL Capital Markets newsroom announcement
- Los Angeles Times coverage
- ReBusinessOnline
- ConnectCRE story
- CBRE listing details
- LoopNet listing
- CommercialSearch note (rounded loan figure)
Reporting by Our Hesperia based on JLL, brokerage listings and regional coverage.
