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MIRA LOMA, CA-The $85.25 million sale of a 1.6-million-square-foot warehouse here proves the potential that the developer saw in the region, the seller says. Irvine-based Pacific Newport Properties Inc. sold the property, Mira Loma Distribution Center, to an undisclosed institutional buyer in one of Southern California’s largest industrial sales year-to-date.

The class A warehouse and distribution facility is situated on 83 acres and represents the final phase of the original 131 acres developed by Pacific Newport, one of the first developers to recognize the potential of the I-15 Corridor south of the 60 freeway for this type of product.

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