Singapore-based GLP Capital Partners has acquired the newly completed, 730K SF Corona Lakeside Logistics Center for $325M in a deal involving the largest ground-lease transfer in the history of the Inland Empire.

The seller was Kearny Real Estate Co., which broke ground on the five-building industrial campus in Riverside County in early 2021, completing it earlier this year.

Colliers industrial experts Michael Kendell, Richard Schwartz, Gian Bruno, Joey Reaume and Kenny Patricia partnered to facilitate the deal on behalf of both parties.

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