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May 27, 2024
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• Inland Empire Industrial Land Sold in $39 Mil Transaction
In a notable Inland Empire land buy, Alere Property Group LLC picked up 17.42 acres of industrial zoned land in Fontana in a recent $38.9 mil transaction. The site is located at 13592 Slover Ave in the Inland Empire West subm...
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• MIG Buys 157k sf Inland Empire Industrial Project
MIG purchased Gifford Business Park, a 156.7k sf, seven-building industrial business park in the Inland Empire submarket of San Bernardino, for $26 mil, or $166/sf. Located at 750-760 E. Central Ave and 765-791 S. Gifford Ave...
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• Hillwood Investment Properties and CBRE Investment Management are Buying 433 Acres in the Inland Empire for $544 Mil
Hillwood Investment Properties and CBRE Investment Management are acquiring 433 acres of land in Fontana for development of up to 6.6 msf of modern logistics facilities in the Inland Empire. The land, located at 9300 Cherry ...
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• Investor Spends $3.2 Mil on New Inland Empire Quick Quack Car Wash Ground Lease
A private investor based in Rancho Palos Verdes purchased a new construction Quick Quack Car Wash in Moreno Valley, in a $3.2 mil absolute triple-net ground lease. The sale closed three months prior to the tenant’s formal ren...
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• 2022 Sets Record for Million sf+ Industrial Leases
This report provided by CBRE Demand for industrial & logistics warehousing space is driving an increase in mega-warehouses, according to a new CBRE report. The largest 100 industrial lease transactions in 2022 included an ...
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• Westport Properties Spends $19 Mil on Inland Empire Self-Storage Asset
Irvine-based Westport Properties Inc picked up Chino Mini Storage, an 80.9k sf self-storage facility in Chino for $18.8 mil. Located at 13555 Ramona Ave, Chino Mini Storage consists of 13 buildings with 701 self-storage unit...
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• Investor Spends $9 Mil on Inland Empire Industrial Development Parcel
Windsor Exchange, an investor and developer based in Canada, has acquired a 15.63-acre land parcel located in the Inland Empire submarket of Moreno Valley for $9.1 mil. The potential industrial development parcel, located at ...
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• Two New 7-Eleven Stores in Riverside County Trade in Deals Totaling Over $10 Mil
Two new properties leased by 7-Eleven in Riverside County has been pre-sold to different buyers in deals totaling $10.15 mil. In one of the transactions, a private investor from San Bernardino paid $5.15 mil for a new constr...
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• New Inland Empire Retail Center Lands $13.4 Mil Refi
Ledo Capital Group has secured a refi loan of $13.4 mil on The District Moreno Valley, a new, 52.1k sf, Sprouts-anchored retail center located in Moreno Valley. Completed in 2022, The District Moreno Valley is anchored by Spr...
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• Norco Automotive Retail Property Trades for $11.9 Mil
A retail property consisting of a Chevron station, convenience store and car wash in the Inland Empire city of Norco traded hands in a recent, $11.9 mil all-cash transaction. The property sold at full asking price and the pur...
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• Brookfield Asset Management Acquires New 1.8 msf Inland Empire Distribution Development in $329 Mil Deal
Brookfield Asset Management acquired a newly built, 1.8 msf, two-building distribution center in Riverside County from Shopoff Realty Investments and Artemis Real Estate Partners in a deal reportedly worth $329 mil ($183/sf)....
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• NFI Industries Renews Lease at 864k sf Industrial Facility in Perris
NFI Industries, a supply chain solutions provider, has inked a lease renewal for Perris Distribution Center, an 864k sf industrial facility in Perris. Located at 657 Nance St, Perris Distribution Center is a two-story cross-d...
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• Paladin Equity Capital Acquires 1.7 Acres in San Bernardino for a Hotel Project
Paladin Equity Capital purchased 1.72 acres of land at 898 E. Harriman Place in San Bernardino for $1.85 mil. The land is adjacent to Best Buy and is located in the popular Hospitality Lane District, which is a major Inland E...
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• Birtcher Development Lands Entitlements for 330k sf Inland Empire Industrial Project
Birtcher Development has secured entitlements for Birtcher Logistics Center Fontana, a planned 330k sf industrial development in Fontana. Construction is expected to begin on the state-of-the-art distribution facility in the ...
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• Newly Constructed Menifee Retail Center Sells for almost $600/sf
Center Pointe, a 41.5k sf, newly developed grocery-anchored retail center in Menifee, traded hands for $24.6 mil ($593/sf). The recently constructed center is 96%-leased to Sprouts, Wendy’s and Olive Garden, as well as local ...
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• Inland Empire East Valley Industrial Market Enjoyed Continued Momentum in Fourth Quarter 2022
This report was provided by real estate services firm Lee & Associates The Inland Empire East Valley industrial sector continued its steady momentum throughout the fourth quarter of 2022. Gross absorption for 2022 totaled 20...
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• MGR Real Estate Closes $39 Mil Inland Empire Office Buy
MGR Real Estate has purchased Ontario Airport Tower, a 147.7k sf, Class A office tower in Ontario, for $39 mil, or $264/sf. The six-story, LEED-Silver Certified building is located at 2855 East Guasti Rd, east of Archibald Av...
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• Sunrise Brands Inks Lease for New 446k sf Facility at Tejon Ranch
Sunrise Brands has agreed to a pre-lease of still-to-be-constructed, 446k sf industrial facility within Tejon Ranch Commerce Center (TRCC) in Tejon Ranch. Sunrise Brands is a leading designer, producer, distributor, and retai...
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• ATV Manufacturer Buys Three-Building Industrial Campus in Jurupa Valley
A Riverside-based ATV and UTV manufacturing and distribution company has acquired three freestanding industrial buildings on nearly five acres of land in Jurupa Valley. The firm plans to occupy the industrial park, located a...
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• GLP Capital Partners Completes $90 Mil Inland Empire Purchase
GLP Capital Partners has closed out 2022 with the purchase of a 354.8k sf, single-tenant, NNN, Class-A Industrial facility in the Inland Empire for $90 mil ($254/sf). The asset is located at 251 E. Rider St, east of I-215 in ...
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