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Staley Point Capital Buys Two Development Sites in Inland Empire

The company bought a 7.4-acre land site in Corona, CA and a 4-acre land site in Fontana.

Staley Point Capital, in joint venture with Bain Capital Real Estate, has acquired a two development sites in the Inland Empire for $37 million. The purchase includes a 7.4-acre land site in Corona, CA and a 4-acre land site in Fontana. The develop plans to build 250,000 square feet of industrial on the two properties. Both sites were purchased in off-market transactions.

Located on Smith Avenue, the Corona development site is an assemblage of three parcels from three different sellers for total purchase price of $24.6 million. The sites are located at 212, 216, and 220 Smith Avenue.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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