Alere Property Group Expands Industrial Portfolio With Major Inland Empire Buy

Alere Property Group has acquired Freeway Business Center, a 709,000-square-foot industrial facility in Riverside. The new construction property was completed in 2021, and it is fully leased to UNIS, a third-party logistics company, through August 2028. With this purchase, Alere has Inland Empire industrial holdings of more than 20 million square feet. The purchase price was not disclosed.

Located on 30 acres at 2677 E. Alessandro Boulevard in Riverside, Freeway Business Center is a class-A warehouse facility with 36-foot clear height, 8,400 square feet of office space, ESFR and drive-around access. The property features all of the bells and whistles of a state-of-the-art warehouse, including 109 dock high doors on two sides of the building, a large 300-foot secure concrete truck court and two truck queuing lanes, which the Alere notes is a valuable feature for high-volume users.