JLL Capital Markets Secures $33.8M Industrial Construction Loan for 428K-SF Hesperia Warehouse along I‑15
Hesperia, California (High Desert News Online) – JLL Capital Markets arranged a $33.8 million first‑lien construction loan for a 428,185‑SF Class A industrial build‑to‑suit at 10400 Amargosa Road, Hesperia, developed by The Covington Group for owner/user Pixior Group in the Inland Empire.
Key takeaways
- Loan: $33.8 million first‑lien construction financing arranged by JLL Capital Markets for 10400 Amargosa Rd., Hesperia; institutional funding from a pension-backed lender.
- Project: 428,185 SF single-tenant Class A warehouse with ~8,000 SF office on a 21.5-acre site; 36′ clear height and modern logistics specs.
- Lender: TDA Investment Group provided financing on behalf of a pension client (five‑year fixed‑rate loan with extension options).
- Market: Site sits along I‑15 in the Hesperia‑Victorville logistics corridor with proximity to multimodal hubs and major regional tenants.
Financing and the deal structure
Transaction details: JLL Capital Markets served as borrower representative to arrange a first‑lien construction loan of $33.8 million for the single‑tenant build‑to‑suit. The loan is structured as a five‑year fixed‑rate facility with extension options and was funded by TDA Investment Group on behalf of a pension client.
JLL listed the transaction date as February 18, 2026. The first‑lien structure reduces lender risk relative to speculative projects because Pixior Group will occupy the facility as an owner/user, helping secure favorable terms from long‑term institutional capital.
Project specifications and construction timeline
The development will produce a 428,185‑SF single‑tenant facility with approximately 8,000 SF of office space on a 21.5‑acre site. Key specifications:
- Clear height: 36 feet
- Doors: 49 dock‑high doors and 2 grade‑level doors
- Fire suppression: ESFR system
- Parking & truck court: 59 trailer stalls; 216 auto parking spaces with EV charging provisions; 100% secure truck court
- Electrical: 4,000A/480V power
- Construction timing: Expected build time ~11 months
These specs align with Class A logistics requirements for e‑commerce and national distributors, including EV readiness and high‑capacity electrical infrastructure.
Location and market context
The property at 10400 Amargosa Road sits directly along Interstate 15 within the Hesperia‑Victorville logistics corridor of the Inland Empire, providing access to State Routes 18 and 395 and multimodal connections to Southern California Logistics Airport and Ontario International Airport.
The corridor supports major occupiers and national shippers — including Amazon, Maersk, Peloton and Boeing — and serves as a critical inland distribution route for freight from the Ports of Los Angeles and Long Beach to the interior.
Developer, broker and listing details
Developer/owner: The project is being developed by The Covington Group on behalf of owner/user Pixior Group. JLL led debt advisory for the borrower; the JLL team included Senior Managing Director Matt Stewart, Director Kellan Liem, Associate Allie Black and Analyst Cameron Sepahi.
“A state‑of‑the‑art logistics facility in one of Southern California’s most rapidly growing industrial corridors,” said Matt Stewart, citing the I‑15 location and modern specifications as key strengths.
The site is listed for sale/lease with CBRE. Contact brokers listed on the offering include Wes Jones, James Toomarian and Walt Arrington; additional listing details appear on LoopNet.
Local context and community considerations
Industrial expansion in the Inland Empire brings economic benefits and community concerns. The Hesperia project is likely to generate construction and operations jobs and expand the tax base, but it may also increase truck traffic, road wear and air‑quality impacts.
Mitigation and coordination: Residents and officials should expect public hearings, traffic mitigation plans and environmental controls. The developer and JLL will need to coordinate with San Bernardino County and Hesperia authorities on construction staging, deliveries and ongoing operations.
Implications for The High Desert, California
Economic: The 428,185‑SF facility promises near‑term construction employment and longer‑term operational roles in warehousing, maintenance, security and administration, supporting local payroll and business‑to‑business demand.
Political & social: Institutional financing by a pension‑backed lender signals outside capital confidence that local leaders may highlight as pro‑growth and pro‑jobs policy wins. Conversely, officials must balance growth with traffic management, permitting and community impacts.
Practical for residents: Expect new job opportunities and additional staging capacity for trucks (59 trailer stalls). Monitor traffic plans and proposed infrastructure improvements tied to the project.
Sources and further reading
- JLL newsroom release
- Los Angeles Times report
- REBusinessOnline coverage
- Traded.co deal summary
- ConnectCRE coverage
- CBRE listing
- LoopNet listing
- Victor Valley News Group local coverage
- Additional reporting
Reporting for the High Desert News Online will follow developments on permitting, traffic mitigation plans, and leasing activity as the project moves from financing to construction and occupancy.
