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Clarion Partners, partner take out $105M loan for Calif. industrial asset

Clarion Partners LLC and its separate account client secured a $105 million floating-rate loan for The Brickyard industrial facility in the Los Angeles-area community of Compton, Calif.

The class A, two-building property spans about 1 million square feet and sits on 56 acres at 1701 N. Central Ave. and 1430 McKinley Ave. It is 100% occupied by UPS and Best Buy under long-term leases.

Holliday Fenoglio Fowler LP, which brokered the loan, said the financing was provided by a foreign bank.