Avison Young Handles Ontario Sale to First Industrial Realty Trust
Avison Young arranged the $5.2-million acquisition of an approximately 15,244-square-foot industrial building situated on 2.27 acres of land at 1250 E. Francis St. in Ontario.
Principal Cody Lerner, who is based out of the firm’s Inland Empire office, represented the seller, Dobecha Investments, as well as the buyer, Chicago-based First Industrial Realty Trust.
The property is within the prime Ontario International Airport area submarket with convenient access to the 60, 10 and 15 freeways.
“First Industrial was the ideal buyer for this asset,” said Lerner. “Our team is pleased to successfully complete this transaction despite the challenges due to the current market conditions and debt market being a moving target.”
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