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Heitman Affiliate Acquires 475k sf Inland Empire Industrial Asset

12/22/17

An affiliate of Heitman LLC purchased 290 Markham Street, a 475.2k sf, newly developed, fully leased, state-of-the-art industrial warehouse on over 24 acres in the Inland Empire city of Perris. The property was sold by Circle Industrial, who developed the asset in 2017.

The one-building facility is fully leased to TechStyle, an e-commerce fashion company, and features 112 dock doors, 153 trailer stalls, 36-foot clear heights and a low office finish at 1.26 percent of the square footage. The property’s location provides easy access to Perris Blvd, the main arterial serving Perris and Moreno Valley, in addition to I-215 and State Road 60, which provide access to the Ports of Long Beach and Los Angeles, which are 75 and 81 miles from the property.

Andrew Briner, Anthony Brent and Ryan Martin with HFF represented the seller in the transaction. The price was not immediately disclosed.





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