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Invesco Acquires Riverside Distribution Facility
Meridian Distribution Center II in Riverside, CA traded hands for an undisclosed amount. Invesco Real Estate acquired the asset from Sun Life Assurance Company of Canada through its advisor Bentall Kennedy.
Located at 22000 Opportunity Way, the 503,592-square-foot facility is part of the master-planned Meridian Business Park industrial campus, comprising over 1,290 acres west of the I-215 freeway, which is planned for 16 million square feet upon completion.
Construction on Meridian Distribution Center II was completed by San Francisco-based Newcastle Partners earlier this year. The facility spans 26.93 acres of land and features 36-foot interior clearance, 88 dock high doors, 150 trailer parking stalls, and 217 car parking spaces.
Cushman & Wakefield’s Phil Lombardo, Chuck Belden, and Andrew Starnes represented both the buyer and seller. Cushman & Wakefield capital markets specialists Jeff Chiate, Jeffrey Cole, Mike Adey, and Ed Hernandez also facilitated the deal.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


