California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CapRock Sells Newly Developed Spec Industrial to Owner-User
CapRock Partners has sold West Valley Logistics, a new LEED certified, 270,000-square-foot industrial warehouse in Walnut. The Class A distribution building is within the San Gabriel Valley, one of California’s strongest and most land-constrained industrial submarkets.
Newport Beach-based CapRock developed West Valley Logistics on spec after acquiring the 12.5-acre property in 2020. Upon its completion in December 2024, CapRock sold the vacant building to a Southern California-based alternative fashion company that plans to use it for corporate headquarters and business operations.
CapRock will remain involved in customizing the interior of the building and will be assisting the buyer with the design and construction of tenant improvements. Terms of the sale weren’t disclosed.
“In 2024, we observed a resurgence of the owner-user buyer profile in Southern California’s industrial real estate market as companies began acquiring premium facilities that support their business operations,” said Taylor Arnett, SVP, acquisitions at CapRock. “The sale of West Valley Logistics exemplifies this trend.”
Matt Moore, Wes Hunnicut and Michael Torres at Stream Realty represented CapRock in the sale. The buyer was represented by Mike Hartel and Nick Velasquez at Colliers
- ◦Sale/Acquisition
