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California  + Industrial  | 

Rockefeller Divests Inland Empire Industrial Building to KKR for $44M

New York-based Rockefeller Group sold a recently-completed 406,650-square-foot industrial distribution building in Perris, CA to KKR for $43.5 million. KKR is making the investment through its Real Estate Partners Americas II Fund.

The facility, located at the 1.45 million-square-foot Optimus Logistics Center, is the second building to be completed and sold at the project. Last September, a 1.04 million-square-foot distribution building was sold to Ferguson Enterprises.

Rockefeller Group’s James V. Camp says, “The sale of the last building at Optimus marks an important milestone for Rockefeller Group in the Inland Empire. In less than two years, we were able to develop 1.45 million square feet of industrial space on a speculative basis along the I-215 freeway and complete the business plan by selling both buildings shortly after completion of construction.”

Rockefeller Group and JV partner MBK Real Estate completed construction of the project in September 2018. JLL’s Mike McCrary, Peter McWilliams, Sharon Wortmann and Scott Coyle represented both parties.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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