1M-SF Industrial Outdoor Storage Portfolio Trades in Inland Empire
JLL Capital Markets arranged the sale of a three-property, one-million square foot industrial outdoor storage (IOS) portfolio within the Inland Empire, on behalf of seller Stockbridge & Dedeaux Properties. Terms of the sale and the identity of the buyer were not disclosed.
The JLL Capital Markets team represented the seller and procured the buyer. It was led by senior managing director Mark Detmer, senior director Evan Moran and director Chad Solomon. Executive managing directors Patrick Wood and Louis Tomaselli served as the local market contacts. Additionally, JLL assisted with the procurement of the financing led by managing director Brian Halpern and VP Jason Rosin.
Located in San Bernardino and Railto, the properties totaling 1,008,414 square feet are situated across 23.15 acres at 446 S. Yucca Ave, 1066 N Tippecanoe Ave, and 1938 W. 5th St. The portfolio reportedly is one of the first of its kind to trade on the West Coast representing fully stabilized, Class A, institutional quality IOS focused properties.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).