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4/03/24
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EQT Exeter has acquired Commerce Way Distribution Center, an 819k sf industrial property in the Inland Empire city of Fontana, for $197 mil ($240/sf). The property was sold by Manulife Investment Management on behalf of clients.
Built in 2000, Commerce Way Distribution Center features a cross-dock configuration and 30-foot clear heights. The building is located at 13423-13473 Santa Ana Ave in Fontana and strategically benefits from being in the Inland Empire, the largest industrial market nationwide with immediate access to the nation’s most critical supply chain infrastructure and Southern California’s population of over 25 million people.
JLL’s Patrick Nally, Mark Detmer, Evan Moran, Makenna Peter, Kevin Mackenzie, Brian Torp, Samuel Godfrey, Mike McCrary and Ruben Goodsell represented the seller and procured the buyer in the transaction.
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