Black Creek Group Fund Sees Value in Center Ave. Distribution Facility
A 102,516-square-foot distribution building located at 9180 Center Ave. within the Inland Empire West submarket recently sold for $24.47 million. A fund managed by Black Creek Group purchased the class-A building from the previous owner, Woomer Reverse LLC.
Colliers’ Clyde Stauff and Jace Gan represented both the buyer and seller in this transaction.
“The Center Avenue building is a class-A distribution building and was 100 percent leased with two quality tenancies in place, which is an ideal acquisition for a high-quality owner and operator such as this buyer,” Stauff said.
The circa-2004 facility is located near the 10 and 15 Freeway intersection. The growing expansion of large and well-capitalized firms allows the Inland Empire market to outperform neighboring infill markets in leasing activity.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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