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INLAND EMPIRE NEWS
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Ferguson Enterprises Inc and 4F Capital LLC Buy Newly Constructed Distribution Facilities Totaling over 1 msf in the Inland Empire

10/09/18

Rockefeller Group has completed construction of two projects totaling nearly 2 msf of industrial space in the Inland Empire. Upon completion, the company sold two buildings totaling 1.1 msf, out of four, to Ferguson Enterprises Inc and 4F Capital LLC.

Ferguson purchased a 1.04 msf distribution building at Optimus Logistics Center in Perris. Ferguson is the largest U.S. distributor of plumbing supplies, PVF, waterworks and fire and fabrication products. The company will move and expand its Ontario operations to the Rockefeller Group site, enhancing its distribution capabilities from 600k sf to more than 1 msf while retaining its distribution center in Pomona.

Optimus Logistics Center in Perris includes two speculative buildings totaling approximately 1.5 msf. Following the sale to Ferguson, one building of approximately 407k sf remains available for sale or lease.

In the second sale, 4F Capital purchased an 81.3k sf building just completed at Tri-City Industrial Complex in San Bernardino. A 344.2k sf building at Tri-City remains available for sale or lease.

Each of the remaining buildings at Optimus Logistics Center and Tri-City can be subdivided to approximately 138k sf to accommodate a variety of end-user requirements.

According to Marc Berg, Vice President and Regional Director for Rockefeller, many companies are becoming more bullish on the I-215 corridor. “Ferguson and 4F Capital, as well as other users in the market are seeing the economic benefit in locating further east as land closer to the ports becomes less available and ultra-expensive,” Berg noted. “Users can buy a building along the I-215 corridor at a reasonable price within driving distance of literally 25 million customers.”

Mike McCrary, Peter McWilliams and Sharon Wortmann of JLL represented Rockefeller Group for the sale at Optimus. Darla Longo, Bill Pellington, Len Santoro, Joey Sugar, and Kevin Wille of CBRE represented Ferguson. Fullmer Construction constructed the building and Kimley Horn & Associates served as the project’s civil engineer.

Chuck Belden, Kyle Kehner, Milo Lipson, Tim Pimentel and Ryan Velasquez of Cushman & Wakefield represented Rockefeller Group for the sale at Tri-City. Rick Nunez of Colliers International represented 4F Capital. Millie & Severson constructed the building and Thienes Engineering served as the project’s civil engineer.

Both projects were designed by HPA Architects with Ridge Landscape Architects designing the landscapes.






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