February 3, 2016
A fund advised by CBRE Global Investors has reportedly acquired 1885 W. Mission Blvd., a Class A, 201,100-square-foot, single-tenant logistics facility in Pomona. The asset is fully leased to Konica Minolta Business Solutions U.S.A., Inc., and used as its primary West Coast distribution center.
The newly developed property is part of a two-million square-foot, master-planned project completed in 2015. “The property is centrally located, making it an ideal distribution location for companies looking to reach infill Southern California,” said CBRE Global Investors’ Kim Hourihan.
The seller, Konica Minolta, was represented by Cushman & Wakefield’s Phil Lombardo, Ty Newland, and Jeff Chiate. CBRE Global Investors represented itself.