REDLANDS, CA—Annual industrial rent growth topping 10% and continued tenant demand have spurred the $33.3-million sale of Redlands Business Center in Southern California’s Inland Empire-East submarket. That is according to JLL, which represented seller, Bixby Land Co.

“The Inland Empire has such strong, broad tenant demand,” says JLL’s Bo Mills, managing director. “This keeps landlords in a fortunate position where—even as one lease is expiring—they can pull from a pipeline of users who are looking for best-in-class space and are willing to commit to increasingly longer-term deals.”

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