(Read more on the industrial market.)
ONTARIO, CA-Sares-Regis Group of Irvine has sold 99 acres ofindustrial property about two blocks from Ontario InternationalAirport to Denver-based ProLogis for $96 million. The property isone of the last master-planned distribution sites in the city,where tens of millions of square feet of distribution space havebeen built in the past dozen years and land for new projects hasall but disappeared.
Sares-Regis bought the land from the County of San Bernardino atauction in May 2006. ProLogis, a publicly traded REIT and one ofthe nation's largest owners and operators of industrial facilities,plans to develop approximately two million sf of warehouse anddistribution buildings on the site.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
