Madison Realty Capital originated a $107-million mortgage and mezzanine loan to finance the acquisition of 588 Crenshaw Blvd. in Torrance and refinance existing debt at 1483 West Via Plata in Long Beach. Jason Moyal and Zach Novatt of Max Benjamin Partners brokered the transaction, the first out of the Beverly Hills-based firm’s newly opened Calabasas office.
The two properties are institutional-quality industrial assets totaling approximately 405,000 square feet. Both are located in areas characterized by strong labor availability and direct connectivity to the Ports of Los Angeles and Long Beach.
“This transaction exemplifies the type of infill industrial financing where Madison thrives—high-quality assets in irreplaceable port-adjacent locations, backed by a proven sponsor and durable tenancy,” said Josh Zegen, Managing Principal and Co-Founder of Madison. “South Bay is one of the most supply-constrained industrial markets in the country, and these properties are well-positioned to benefit from long-term demand tied to the Los Angeles and Long Beach ports.”
