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Brookfield Buys Pair of Colton Industrial Assets
Brookfield Properties added a pair of Inland Empire assets to its U.S. logistics portfolio that has grown to 35 assets comprising 5.9 million square feet. The newest Class A properties include 1601 and 1603 Steel Rd. in Colton and total 330,634 square feet.
Brookfield’s Paul Jones says, “This acquisition aligns with our investment strategy of aggregating high-quality, well-located assets across the country. This is a strategic value-add investment that will seek to capitalize on the Inland Empire’s historically low vacancy.”
The buildings feature 30-foot clear heights with ESFR sprinklers, ample dock-high loading and large, secured truck yards. Currently, there is 169,143 square feet available at 1603 Steel Rd., where improvements underway include new office space and additional dock-high loading to complement an existing oversized secured truck court. There is also a near term leasing opportunity for 161,491 square feet at 1601 Steel Rd. in 2021.
CBRE’s Josh Hayes, Eloy Covarrubias and David Noblitt, and Lee & Associates’ Scott Seal handled the deal.
For comments, questions or concerns, please contact Dennis Kaiser
*Pictured 1601 Steele Rd.
- ◦Sale/Acquisition


