The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, is developing a four-story facility in Hawthorne, Calif. The in-fill development site at 4959 W. 147th St. is near Los Angeles International Airport and visible from Interstate 405. Once complete, the structure will comprise 113,625 net rentable square feet, according to the source.

The $20 million construction loan was negotiated by Talonvest Capital Inc., a boutique self-storage and commercial real estate advisor. The team members involved in the deal include Kim Bishop, Jim Davies, Tom Sherlock and Eric Snyder.

WWG has been actively growing its portfolio this year. It opened a new facility in Gardena, Calif., last spring as well as one in Vero Beach, Fla., its first in the city, in February.

Founded in 1994 and based in Santa Monica, Calif., WWG acquires, develops and operates more than 125 self-storage facilities in Arizona, California, Colorado, Florida, Hawaii, South Carolina and Texas.

Source:
Financial Buzz, Talonvest Successfully Negotiates $48 Million of Construction Loans