ING Clarion Acquires 406,000-SF Warehouse

(To read more on the industrial market and the net lease market, click here.)

FULLERTON, CA-ING Clarion of New York City has acquired a 406,261-sf fully leased class A distribution facility from Dallas-based Invesco Realty Advisors, according to Steve Batcheller of the Newport Beach office of CB Richard Ellis. Batcheller, who negotiated the deal along with fellow CBRE brokers Darla Longo of the firm’s Ontario office, Barbara Emmons of Los Angeles and Paul Jones of Newport Beach, tells GlobeSt.com that the property attracted bids from a host of pension fund advisers and REITs because of the extremely strong investor demand for quality net-leased industrial assets.

The property, at 458 E. Lambert Rd., was built in two phases in 1974 and 1999. It is occupied by a credit tenant with three years left on its lease.