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Oct

01

Inland Empire Logistics Center Trades for $20M

By Tony Seruga

CP Logistics Fontana, represented by a team of brokers from Cushman & Wakefield, sold the new facility to an affiliate of Zurich North America.

Cushman & Wakefield facilitated an industrial transaction on behalf of CP Logistics Fontana. The 135,651-square-foot logistics center, located in the Fontana submarket of the Inland Empire region, changed hands for $20 million, or $146 per square foot. The buyer is an affiliate of Zurich North America.

West Fontana Logistics Center, one of Panattoni Development Co.’s warehouse projects, was completed earlier in July and is fully leased by Gale Pacific. Its transaction price shows that the industrial segment in Inland Empire continues to fare very well…

Inland Empire Logistics Center Trades for $20M

Categories : Finance

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