JURUPA VALLEY, CA—Big businesses are looking to the InlandEmpire for use not now, but in the future. Proof of this is inCostco Wholesale Corp.'s latest purchase. Theconsumer wholesaler has acquired a leased-investment property inJurupa Valley, CA, with plans to eventually use the site as aregional distribution center.
Located at 11280 Riverside Dr. in the Mira Loma section of thecity, the building totals 527,500 square feet and is currentlyoccupied by Quik Set, manufacturer and distributorof quick-setting concrete and other construction materials. Thecompany currently has 19 months remaining on its current lease withan option for another five years.
Colliers International completed negotiations on the $65.62million acquisition. "This was a perfect strategic fit for Costcosince it is adjacent to a Costco Warehouse store and administrativeoffices," says the firm's SVP Mark Zorn, whorepresented Costco in the acquisition. "Costco is looking to thefuture and no matter when Quik Set may vacate the building, Costcowill convert it into a class A logistics center."
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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.
