The Mix, a 470,000-square-foot industrial and office campus in Northridge, has secured $113 million in financing from Rialto Capital Management. Pendulum Property Partners and Affinius Capital, the owners of the complex, received the funding for the three-building campus located at 8520-8440 and 8500 Balboa Boulevard in Northridge, L.A.
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\nThe financing was arranged by Newmark through its debt and structured finance team led by Jonathan Firestone alongside Blake Thompson, Peter Mavredakis and Jack Condon.<\/p>\n
The Mix was previously owned by Shubin Nadal Realty Investors and DRA Advisors, which sold the campus in 2023 for $171 million. Newport Beach-based Shubin Nadal and New York-based DRA bought the complex in 2014 for $130 million and spent another $30 million renovating the site. Under the new ownership of Pendulum Property Partners and Affinius Capital, The Mix has undergone significant capital improvements, including the conversion of part of the former offices into industrial space.<\/p>\n
The recent upgrades have led to increased leasing and improvements to tenant spaces. Notable tenants at the property include Samsung subsidiary Harman International and Charles River Laboratories\u2019 HemaCare, with some occupants on long-term headquarters leases. The Mix is considered a high-quality, credit-anchored campus that institutional lenders seek in today\u2019s market. According to Jonathan Firestone, The Mix \u201cexemplifies the type of high-quality, credit-anchored campus that institutional lenders seek in today\u2019s market.\u201d<\/p>\n
Pendulum Property Partners and Affinius Capital deem The Mix to be \u201ca compelling long-term investment\u201d due to \u201cits scale, diversified tenancy and recent capital program [that] create a resilient cash flow profile.\u201d The $113 million financing from Rialto Capital Management is a significant investment in the property, demonstrating its potential for long-term growth and returns.<\/p>\n
Both Pendulum Property Partners and Affinius Capital have been active with other holdings across Greater Los Angeles, including elsewhere in the San Fernando Valley. In July, Pendulum Property Partners sold the three-building Axis office property in Anaheim for $62.5 million. A month prior, Affinius Capital announced plans for a $54.7 million preferred equity investment in The Latigo Group\u2019s proposed Hillcrest Apartments multifamily development in Thousand Oaks.<\/p>\n
The Mix, with its recent financing and capital improvements, is poised for continued growth and success as a premier industrial and office campus in the San Fernando Valley. Its diversified tenancy and resilient cash flow profile make it an attractive investment opportunity for institutional lenders. As the San Fernando Valley continues to evolve and grow, The Mix is well-positioned to meet the changing needs of businesses and tenants in the area.<\/p>\n
Q: Who are the current owners of The Mix?
\nA: The current owners of The Mix are Pendulum Property Partners and Affinius Capital.
\nQ: How much financing did The Mix secure from Rialto Capital Management?
\nA: The Mix secured $113 million in financing from Rialto Capital Management.
\nQ: What are some notable tenants at The Mix?
\nA: Notable tenants at The Mix include Samsung subsidiary Harman International and Charles River Laboratories\u2019 HemaCare.
\nQ: What are some recent developments and upgrades at The Mix?
\nA: Recent developments and upgrades at The Mix include the conversion of part of the former offices into industrial space, increased leasing, and improvements to tenant spaces.
\nQ: What is the total square footage of The Mix?
\nA: The total square footage of The Mix is 470,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"
Introduction to The Mix The Mix, a 470,000-square-foot industrial and office campus in Northridge, has secured $113 million in financing from Rialto Capital Management. Pendulum Property Partners and Affinius Capital, the owners of the complex, received the funding for the three-building campus located at 8520-8440 and 8500 Balboa Boulevard in Northridge, L.A. The financing was […]<\/p>\n","protected":false},"author":3,"featured_media":27045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-27043","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i3.wp.com\/static.therealdeal.com\/wp-content\/uploads\/2026\/01\/LA-Northridge-industrial-office-campus-scores-113M-Rialto-financing-MAIN-r1-700x467.jpg?w=1920&resize=1920,1267&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/27043"}],"collection":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/comments?post=27043"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/27043\/revisions"}],"predecessor-version":[{"id":27046,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/27043\/revisions\/27046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media\/27045"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media?parent=27043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/categories?post=27043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/tags?post=27043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}