BREA, CA—Clarion Partners and Pacific Industrial have partnered on the acquisition of 17.66 acres in Brea, to develop a 367,194 square foot class A logistics and distribution facility.

The property is located at 1225 West Imperial Highway. The Imperial Distribution Center will feature 36-foot minimum clearance, 55 dock high doors, 100% concrete truck court, 3% skylight coverage and 4,976 square feet of high image, 2-story office space.

Located in one of Southern California's most sought-after submarkets, North Orange County, this industrial development will benefit from easy access to the Ports of Los Angeles and Long Beach, as well as major interstate freeways. Currently, the submarket boasts a vacancy rate of 3.4%, its lowest level since the first quarter of 2008.

“Imperial Distribution Center is a great addition to our growing industrial portfolio in

Southern California and meets the demands of our existing customers for high quality

distribution space in infill markets,” said Dayton Conklin, a director with Clarion

Partners.

Orange County's economy is diverse and is growing at an above average pace. Clarion Partners' proprietary research projects strong rent growth in the Orange County industrial market over the next 5 years.

“This is one of the premier development projects in the entire county,” said Dan Floriani,

co-founder of Pacific Industrial. "We're excited to bring this to market and are optimistic we will attract a great business looking for a class A facility."

Clarion Partners, New York, is a leading real estate investment manager. Pacific Industrial is a Long Beach-based industrial development firm.