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Jones Lang LaSalle Inc.
02/18/2026 | Press release | Distributed by Public on 02/18/2026 14:14
$33.8M construction loan secured for Class A industrial development in Hesperia, CA
ORANGE COUNTY, Calif., Feb. 18, 2026 - JLL Capital Markets announced today that it has arranged $33.8 million in first lien construction financing for 10400 Amargosa Rd., a to-be-built, Class A industrial facility in Hesperia, California.
The Covington Group will develop the project on behalf of owner/user Pixior Group. JLL represented the borrower in securing the five-year (inclusive of extension options), fixed-rate loan through TDA Investment Group, on behalf of its pension client.
The 428,185-square-foot single-tenant building will feature 36-foot clear heights, rear-load capabilities, an ESFR fire sprinkler system and a 100% secure truck court with space for 59 trailer stalls and 216 auto parking spaces including EV charging capabilities. Construction is expected to be completed in 11 months on the 21.5-acre developable site.
The property is strategically located at 10400 Amargosa Rd. directly along Interstate 15, within 15 miles of State Routes 18 and 395, and proximate to Southern California Logistics Airport and Ontario International Airport. The facility sits near major corporate tenants including Amazon, Maersk, Peloton and Boeing within the broader Hesperia-Victorville logistics corridor.
Hesperia is located in San Bernardino County within the Inland Empire region, which serves as the distribution and logistics hub for the Greater Los Angeles Basin and contains a population of approximately 4.6 million residents. The area has experienced robust industrial demand in recent years, attracting major corporations and benefiting from proximity to the nation's largest port complex in Los Angeles and Long Beach.
JLL Capital Markets' Debt Advisory team representing the borrower was led by Senior Managing Director Matt Stewart, Director Kellan Liem, Associate Allie Black and Analyst Cameron Sepahi.
"This development represents a state-of-the-art logistics facility in one of Southern California's most rapidly growing industrial corridors," said Stewart. "The site's superior location along Interstate 15, modern building specifications and proximity to major distribution hubs makes this an exceptional development opportunity."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About The Covington Group
Covington Group is a privately held, Dallas-based real estate development and investment company that specializes in new construction and redeveloping industrial properties across the United States. Throughout the company's 45-year history, it has successfully developed and/or redeveloped over 35 million square feet of commercial and industrial property. Covington Group currently owns over 8 million square feet of industrial space and is actively entitling and/or developing over 1,000 acres of land in the southwestern United States.
About Pixior Group
Pixior Group is a premier logistics and fulfilment leader with roots dating back to 2000, specializing in comprehensive third-party logistics (3PL), warehousing, and e-commerce fulfilment services that help brands of all sizes grow and thrive in a competitive global marketplace. Headquartered in Commerce, California, Pixior has built a strong reputation for delivering tailored solutions-ranging from inventory management and order fulfilment to transportation and drayage services-designed to streamline operations and boost customer satisfaction for its clients across the West Coast and beyond.
About TDA Investment Group
TDA Investment Group has a multi-decade track record of successful institutional real estate investment management as both a direct lender and property owner. The company manages approximately $1 billion of capital, operating as a fiduciary real estate manager for pension trusts, with a focus in the Western U.S., including Hawaii.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
Jones Lang LaSalle Inc. published this content on February 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 18, 2026 at 20:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]