The sprawling, five-building
Corona Lakeside Logistics Center at Temescal Canyon Lake sold for nearly $325 million, according to Colliers, which represented the developer and seller, Kearny Real Estate Co
. The purchaser was GLP Capital Partners, a Singapore-based investment company that recently closed a $90 million deal for a residential or commercial property in Perris.
Colliers explained the sale of the 730,000-square-foot school as the biggest in Inland Empire history.
" This is a conclusion of seven years in the making," said Richard Schwartz, vice chair at Colliers. "It was an honor to work with the Kearny team through the development stage and witness their project come to fulfillment. This sale is an amazing achievement, and we are thrilled for the success of both groups."
The complex at Sherborn Street and Magnolia Avenue includes separate structures ranging from 70,586-205,235 square feet in size.
Kearny began in early 2021 and recently completed the center, which is currently uninhabited.
Weee! Inc., an Asian and Hispanic e-grocer based in
Fremont, is expanding from its existing cold storage facility in La Mirada, renting this 146,617-square-foot industrial center in Santa Fe Springs. (Courtesy of CBRE).
e-Grocer expands to Santa Fe Springs
Weee! Inc., an Asian and Hispanic e-grocer based in
Fremont, is broadening from its existing cold storage center in La Mirada, renting a 146,617-square-foot industrial facility in Santa Fe Springs.
No financial regards to the lease were provided by CBRE, which managed the deal for owner Prologis, but the brokerage stated Weee! would inhabit the building this month.
The two-story, cold-storage center sits on 7 acres at 13215 Cambridge St. and was completed in 2021.
Weee! A 307,394-square-foot commercial home is under advancement on almost 16 acres in
Riverside.
A 307,394-square-foot commercial residential or commercial property is under advancement on almost 16 acres in
Riverside, according to partners Transwestern Investment Group and Transwestern Development Co
. Building for the center at
Riverside Logistics Center on Center Street starts later on this year, the firm said, with completion anticipated by fall 2024.
" Industrial vacancy in the Inland Empire stays tight, and big-box logistics area is in high demand," said Mike McKenzie, Director of Acquisitions for TIG.
Oltmans Construction is the basic specialist, and RGA will work as the architect.
This newly constructed home occupied by Dutch Bros Coffee in Beaumont cost $1.9 million. (Courtesy of Hanley Investment Group Real Estate Advisors).
Dutch Bros home in Beaumont costs $1.9 M
A brand-new construction, single-tenant residential or commercial property occupied by Dutch Bros Coffee in Beaumont offered $1.9 million, according to Hanley Investment Group Real Estate Advisors.
The 920-square-foot coffee drive-through sits on simply shy of an acre at 1675 E. 8th St.
The seller and developer was Evergreen Development. The buyer was not determined by Hanley.
A 4,000-square-foot, single-tenant retail pad inhabited by Sherwin-Williams in Beaumont sold for $3,240,000. (Courtesy of Wood Investments Cos.).
Paint shop property in Beaumont costs $3.2 million
A 4,000-square-foot, single-tenant retail pad occupied by Sherwin-Williams in Beaumont sold for $3,240,000, according to the seller, Wood Investments Cos
. The Sherwin-Williams home at 1495 East 2nd St. is new, established just in front of Cinema West's 2nd Street Cinema and surrounding to San Gorgonio Village, according to Patrick Wood, CEO and president of Wood Investments.
" The sale of the Sherwin-Williams inhabited property became part of the tactical plan when we had actually originally purchased the residential or commercial property over three years back," said Wood. "It was an additional pad that was created due to occupant need from the shopping center across the street that we had actually previously developed at San Gorgonio Village.".
This 4,400-square-foot McDonald's residential or commercial property in French Valley sold for $3.3 million.
A 4,400-square-foot McDonald's property in French Valley cost $3.3 million, according to SRS Real Estate Partners' National Net Lease Group.
This marks yet another new home with a drive-through that sold to investors. The snack bar opened this year and has a 20-year triple-net ground lease. The freestanding structure sits within French Valley Marketplace.
SRS represented the unknown seller. The purchaser likewise was not determined.
$ 300,000 going to Make-A-Wish kids
Make-A-Wish Orange County and the Inland Empire raised $300,000 at its recent "It's In The Bag" luncheon and fundraising event. The money will go toward approving want kids fighting important health problems in the area.
Newsom consultations
Palm Springs resident Christine Wietlisbach has actually been selected to the California Board of Occupational Therapy. She has been a physical therapist at Eisenhower Medical Center considering that 1994 and at Desert Regional Medical Center since 2001. The position does not need Senate verification and the payment is $100 per diem. Wietlisbach is a Democrat.
Business briefs are assembled and edited by Business Editor Samantha Gowen. Submit products to sgowen@scng.com. High-resolution images likewise can be submitted. Permit at least one week for publication. Items are edited for length and clarity.
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