Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $20.25 million term loan with real estate investment management firm Stockbridge Capital Group to refinance a two-property industrial outdoor storage (IOS) portfolio in Wilmington, California, in the South Bay submarket of Los Angeles. The 13-acre portfolio is 100% leased and includes properties at 501 Quay Avenue and 1540-1550 Eubank Avenue.  

Located near the Ports of Los Angeles and Long Beach, the properties offer access to one of the country’s largest freight and logistics hubs, as well as major transportation corridors serving Southern California. Both properties are less than six miles from the ports and are situated near Interstates 110, 710 and 405, providing connectivity throughout the greater Los Angeles region.  

“Industrial outdoor storage is an important part of the logistics network, particularly in infill markets where access to ports and major transportation routes is critical,” said Sarah Hunter, Senior Vice President of BCREG at Byline Bank. “This portfolio combines long-standing tenants with a location that provides direct access to some of Southern California’s most important transportation infrastructure. It was a pleasure to work with Stockbridge on a financing solution that supports these well-positioned assets.” 

South Bay is the largest of the seven Greater Los Angeles industrial submarkets, with approximately 199 million square feet of industrial inventory. According to CBRE Research, the submarket recorded approximately 2.95 million square feet of leasing activity in the fourth quarter of 2025, accounting for approximately 25% of leasing transactions across the greater Los Angeles market during the quarter.  

The transaction was led by Sarah Hunter, Dylan Derrickson, Matt Smith and Eric Estela of Byline Bank’s Commercial Real Estate Group. CBRE represented Stockbridge in the financing. 

About Byline Commercial Real Estate Group 
Byline’s Commercial Real Estate Group (BCREG), headquartered in Chicago, provides first mortgage construction, bridge and permanent loans secured by properties in the Chicagoland area as well as nationwide for Tier One customers. Since 2014, BCREG has closed over $3.2 billion of loans for its target market, focusing on industrial (including deeply infill IOS) and multi-family (including student housing and active adult) properties. 

About Byline Bank 
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender. For more information, visit bylinebank.com.  

About Stockbridge  
Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25 years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors, family offices and high net worth individuals. Stockbridge has approximately $27.4 billion of assets under management (as of June 30, 2026) spanning all major real estate property types, and certain specialty property types with an emphasis on residential and industrial space throughout the U.S. The firm has offices in San Francisco, Atlanta, Chicago, Dallas, Denver, and Phoenix. For more information, visit www.stockbridge.com.