Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

California  + Inland Empire  | 

Burlington Pays $257M for Riverside Warehouse It Occupies

Colliers arranged the sale of an 889,445-square-foot industrial warehouse at 21600 Cactus Ave. in Riverside. Burlington Distribution, the sole tenant since the property’s construction, has acquired the asset from the Seller, BlackRock, for $257,049,605. Vice chairs Mark Zorn and Cory Whitman led the disposition process on behalf of the buyer. CBRE represented the seller, BlackRock.

“Burlington’s commitment to this location is a testament to the Inland Empire’s status as a leading industrial market,” said Zorn. “This year has shown a strong growth trajectory for Burlington, and we are thrilled to be a trusted partner in expanding its presence across the region.”

Constructed in 2019, the warehouse features a 40′ clear height and 220 dock doors. The transition to ownership is a natural next step for Burlington as it continues scaling its business operations, according to Colliers. In a recent earnings call, Burlington reported that the company plans to open approximately 100 net new stores in 2025.

Read More News Stories About: Colliers
Connect

Inside The Story

Colliers' Zorn

About Paul Bubny

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).

  • ◦Sale/Acquisition