March 1, 2016 Comments Off on CIP Acquires $80M Flex Industrial Portfolio Views: 440 California News, Inland Empire

CIP Acquires $80M Flex Industrial Portfolio

Irvine-based CIP Real Estate (CIP) completed four Inland Empire transactions within the past year, totaling $80-million. Three of the office and industrial assets were acquired in joint-venture with Baltimore-based Alex Brown Realty, Inc., a long-time investment partner with which CIP completed 18 previous acquisitions.

Recent acquisitions:
– Center Tower Riverside, a $13.3-million deal for a 74,000-square-foot Class A office tower in downtown Riverside
– College Business Park, a $34.5-million deal for a 314,000-square-foot office and industrial park in Upland
– Milliken Business Center, a $17.1-million deal for a 157,711-square-foot Class A business park in Ontario, from an investment fund managed by Colony Capital

CIP also completed a $15-million purchase of Indiana Business Park, a 150,000-square-foot industrial park in Riverside, with funding by its private investment group. The seller was a joint venture of CIP Real Estate and Blue Vista Capital Management.

Connect with CIP

Connect with Alex. Brown Realty

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , ,

Comments are closed.