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California  + Inland Empire  + Industrial  | 

Brookfield Buys Pair of Colton Industrial Assets

Brookfield Properties added a pair of Inland Empire assets to its U.S. logistics portfolio that has grown to 35 assets comprising 5.9 million square feet. The newest Class A properties include 1601 and 1603 Steel Rd. in Colton and total 330,634 square feet.

Brookfield’s Paul Jones says, “This acquisition aligns with our investment strategy of aggregating high-quality, well-located assets across the country. This is a strategic value-add investment that will seek to capitalize on the Inland Empire’s historically low vacancy.”

The buildings feature 30-foot clear heights with ESFR sprinklers, ample dock-high loading and large, secured truck yards. Currently, there is 169,143 square feet available at 1603 Steel Rd., where improvements underway include new office space and additional dock-high loading to complement an existing oversized secured truck court. There is also a near term leasing opportunity for 161,491 square feet at 1601 Steel Rd. in 2021.

CBRE’s Josh Hayes, Eloy Covarrubias and David Noblitt, and Lee & Associates’ Scott Seal handled the deal.

For comments, questions or concerns, please contact Dennis Kaiser

*Pictured 1601 Steele Rd.

Read More News Stories About: Brookfield Properties, Lee & Associates
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Connect With Brookfield’s JonesConnect With CBRE’s HayesConnect With Lee & Associates’ Seal

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.

  • ◦Sale/Acquisition
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