X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MONTCLAIR, CA-An adhesives manufacturer has purchased a Montclair industrial building in an investment acquisition valued at $2.1 million.

Carboline, which makes adhesives for use in distribution and warehouse operations, has procured the facility from Chase Montclair Partners. Encompassing 25,841 sf, the building is located at 5533 Brooks St.

Keith Wilson of Colliers Seeley International acted on behalf of Carboline. Chase Montclair Partners was represented by Dave Parker of Charles Dunn.

Investors continue to turn their attention to the Inland Empire industrial market, as this region boasts two key characteristics that are advantageous to industrial users of all size: low rental rates and a varied selection of new product. In fact, logistics specialist Pasha Group has recently chosen the region as the site of its proposed 700-acre distribution complex.

Northern California-based Pasha Group announced this week that it plans to start building the $50-million distribution complex, which will combine railroad yards, trucking facilities and air cargo capabilities, in about 14 to 18 months. The project will rise at Victorville’s 5,000-acre former George Air Force Base, now known as Southern California Logistics Airport.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.