Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ASB Real Estate Investments has acquired a 1-million-square-foot class-A distribution facility in Riverside for $123 million from Washington Capital Management, Inc. The property was purchased through ASB’s $7.6 billion Allegiance Real Estate Fund, a core investment vehicle.

Developed by Trammell Crow, the property features ultra-high 37-foot clear ceilings, cross docking with 143 dock-high doors and 195 trailer stalls. It is 100% leased on a long-term basis.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.