Premier Logistics Properties and Penwood Real Estate Investment Management acquired two industrial buildings totaling 1.5 million square feet in Rialto.
Premier Logistics Properties, in a joint venture with Penwood Real Estate Investment Management, has acquired two Class A industrial warehouses in Rialto, California. The facilities, located at 1568 and 1660 N. Linden Ave., span a combined 1.5 million square feet across a 107-acre site. The buildings feature 36- to 42-foot clear heights, full concrete truck courts, and expanded parking and trailer storage capacity.
The transaction involved representation from Eastdil Secured, with Steve Silk and Mark Alfert acting on behalf of the undisclosed seller. Bo Mills of KBC Capital Partners represented the buying partnership.
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