ONTARIO, CA—Guthrie Development Co. and its private equitypartner have acquired Airport Distribution Center, a221,171-square-foot industrial park located in theInland Empire. Located at 1500, 1550, and 1590 Milliken Ave. in theCity of Ontario, the park is comprised of three buildings and 30units.
For Guthrie the acquisition is part of a wider investmentstrategy targeting acquisition of Southern California industrialproperties from $20 to $50 million as part of a new relationshipwith a well-capitalized private equity fund with an over $1 billionrecent fund raise.
Barbara Emmons, Darla Longo,and Michael Kendall of CBRE represented theseller, Panattoni Development Co. Although sourcesinvolved in the deal could not disclose the purchase price, anunidentified source familiar with the deal tells GlobeSt.com thatGuthrie Development paid north of $20 million for the class A property.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
