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4/04/25
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In a major Inland Empire industrial acquisition, Burlington Distribution has acquired an 889.5k sf warehouse in Riverside for $257 mil ($289/sf). The asset, located at 21600 Cactus Ave, was sold by BlackRock.
Constructed in 2019, the warehouse features a 40' clear height and 220 dock doors ideal for Burlington’s distribution operations. Burlington has been the sole tenant since the asset’s construction.
This transition to ownership is a natural next step for Burlington as it continues to scale its business operations. In a recent earnings call, Burlington Distribution reported that the company opened 101 new stores and relocated 31 older oversized locations in fiscal 2024 and plans to open approximately 100 net new stores in 2025.
Mark Zorn and Cory Whitman with Colliers represented the buyer, Burlington Distribution. CBRE repped BlackRock in the deal.
The Inland Empire industrial market continued to see elevated demand in Q4 2024, with leasing activity surpassing 10 msf for the third consecutive quarter. Burlington’s commitment to this location is a testament to the Inland Empire’s status as a leading industrial market,” says Zorn. “This year has shown a strong growth trajectory for Burlington, and we are thrilled to be a trusted partner in expanding its presence across the region.”
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