JLL arranges $81.6 million financing for Otay River Business Park in Chula Vista
Type: Financing · Technology: Industrial · Country: United States · Value: $81.6M · Announced: 2026-09-04
JLL Capital Markets arranged $81.6 million in financing for the Otay River Business Park, a 369,803-square-foot industrial and retail development in Chula Vista, California. The financing was secured for borrower Sudberry Properties through a debt fund, featuring a floating-rate, five-year loan that includes future funding for construction completion and leasing costs. The business park, located east of Interstate 5, includes stabilized, recently delivered, and under-construction components built between 2021 and 2026. Phase IV, currently under construction, includes a 66,000-square-foot industrial building and parking facilities, with the development already 100 percent leased across its existing space and 70 percent pre-leased for Phase IV.
Counterparties
- JLL Capital Markets (Arranger)
- Sudberry Properties (Borrower)
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