August 1, 2016 Comments Off on Bixby Expands West Coast Industrial Footprint Views: 445 California News, Inland Empire, West

Bixby Expands West Coast Industrial Footprint

Newport Beach, CA-based Bixby Land Company acquired an 104,500-square-foot warehouse and distribution building in San Bernardino, CA from Western Realco for $10.2-million. The project is fully leased through 2026 to C.H. Robinson Company, Inc., a worldwide leader in third party logistics.

The building is located on a 5.07-acre parcel proximate to the I-215 Freeway at Palm Dr. Built in 2008, the building features 30-foot clearance, ample dock-high and grade level loading capacity, and an expansive truck court with a 140-foot turning radius.

Bixby’s Mike Severson says, “This acquisition is part of a broader investment strategy to increase our core industrial holdings in markets where sound real estate fundamentals complement the income certainty from established tenants on long-term leases.”

JLL’s Bo Mills, Ruben Goodsell and Patrick Wood represented both sides in the transaction.

Connect with Bixby Land’s Severson

Connect with JLL’s Mills

For comments, questions or concerns, please contact Dennis Kaiser

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