May 2, 2017
Duke Realty Corporation acquired four industrial facilities totaling 751,936 square feet, boosting the Indianapolis-based REIT’s SoCal portfolio to 6.1 million square feet. The newly-developed assets are all located in the Inland Empire.
Duke Realty’s Chris Burns said, “Southern California continues to be the leading industrial market in the United States, and the properties in this acquisition are all well located in core submarkets, making them excellent additions to our local portfolio.”
The purchased properties include:
- 9189 Utica Ave., totaling 156,900 square feet in Rancho Cucamonga
- 9988 Redwood Ave., totaling 214,431 square feet in Fontana
- 7953 Cherry Ave., totaling 182,919 square feet in Fontana
- 1589 E. 9th St., totaling 197,685 square feet in Pomona (pictured)
Three of the four state-of-the-art properties were delivered in 2016, and are 100% leased to single tenants. CBRE National Partners represented the undisclosed seller in the transaction. Duke Realty was self-represented.
For comments, questions or concerns, please contact Dennis Kaiser