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Industrial is quickly becoming a pillar asset class for institutional lenders, which are more and more frequently looking to diversify into the commercial real estate segment. MetroGroup, in fact, says that these lenders are interested in deals across the spectrum, including small box buildings and manufacturing spaces. The firm recently secured $21 million in acquisition funding for a 103,000-square-foot industrial property in Sorrento Mesa. While typically lenders are concerned about small-box or single-tenant properties, there was healthy lender interest in this deal. We sat down with Patrick Ward, founder and president of the MetroGroup, to talk about the lender appetite for these deals.

GlobeSt.com: Industrial, in general, has become a popular asset class for lenders in the last few years. What is lender demand like for small-box industrial properties?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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