January 13, 2021
Rockefeller Group sold two recently completed industrial properties in the Inland Empire to separate buyers. The two buildings, which total roughly 500,000 square feet, sold for $80.75 million.
Haralambos Leasing Company acquired the 297,161-square-foot Fontana Santa Ana Industrial Center for $54 million. The property is located at 10965 Banana Ave. in Fontana and was developed by Rockefeller Group as part of a JV with MBK Real Estate.
Lone Oak – Moreno Valley, L.L.C. acquired the 203,944-square foot Centerpointe Commerce Center for $26.75 million. The property is located at 14180 Frederick St. in Moreno Valley.
Rockefeller Group’s James V. Camp says, “During the uncertainty of 2020, we were able to complete both of these buildings with minimal disruption to construction, delivering two Class A mid-sized buildings to buyers focused on increasing their industrial footprint in the market.”
Lee & Associates’ Paul Earnhart, Doug Earnhart, Brian Pharris, and Ryan Earnhart, along with Voit Real Estate Services’ Juan Gutierrez represented Rockefeller Group on the sale of the Fontana asset. Lee & Associates’ Bill Heim, Finn Comer, Alex Heim and Nesha Ritchie represented Rockefeller Group on the Moreno Valley sale.
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