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Deals & Dealmakers

Basis Investment Group Announces $13.1M Investment in Acquisition and Development of $32.6M Industrial Project in the Inland Empire, California

Basis Investment Group (BIG), a national commercial real estate (CRE) debt and equity investment platform, today announced that it is investing $13.1 million in the $32.6 million acquisition and development of Rialto Village, an 83k square foot industrial development in the Inland Empire, led by Dedeaux Properties (Dedeaux).

The site is in an infill pocket of Rialto just 0.6 miles from an I-10 interchange, which feeds west directly into Downtown Los Angeles and connects to various freeways leading south to the Port of Long Beach. Originally part of a larger site formerly owned by the city of Rialto, Rialto Village was acquired under a creative structure that will benefit both the seller and buyer.

The 83,272-square-foot concrete tilt-up building will sit on a 3.9-acre site. The building will feature 32-foot clear ceiling heights, 18 docks, 5,490 square feet of office, an ESFR sprinkler system, and 66 parking spaces. Pre-development on Rialto Village has already begun, with entitlement approvals received in September 2022 and construction financing secured in December 2022. Construction is expected to commence in Q1 2023, with completion forecasted in late 2023.

“Dedeaux is a prolific industrial developer with significant experience in the California market,” said Dale Burnett Partner, and Managing Director of BIG Equity. “The Rialto Village development is our second venture with Dedeaux and reflects our joint belief that well-located, moderately sized, modern industrial buildings are a lynchpin in the nation’s supply chain.” 

“Rialto is one of the strongest submarkets in what is arguably the most important industrial hubs in the United States,” said Dedeaux Chief Investment Officer Matt Evans. “There is limited available supply and huge demand in the market for well-located and designed, modern facilities under 100,000 square feet geared to the small and medium sized user. BIG has proven a valuable partner and we look forward to furthering the relationship.”

Tammy K. Jones founded BIG in 2009 during the height of the global recession, as she sought to create an alternative investment and lending platform focused on diversification, not just across the company’s portfolio and investments, but among team members. BIG is one of the only certified MWBE real estate investment platforms that can invest across the capital slack, executing both debt and equity strategies on behalf of its investors. Through its strong commitment to diversity, equity, and inclusion (DEI), BIG has remained a leader in the CRE industry in terms of what a thoughtful and intentional approach to diversity can yield and is steadfast on breaking down traditionally exclusive barriers to entry within this often-exclusive field. As demonstrated by this commitment, 75% of Basis’s staff is diverse/female. The company has also invested $1.3B of firmwide capital with MWOB sponsors and over 50% of their vendors are best-in-class diverse and/or women owned or controlled companies.

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