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California  + Inland Empire  + Industrial  | 

CenterPoint Buys Development Site for $10M

Connect Inland Empire is planned for Wednesday, October 18th. Here’s where to register for the conference.

Harrison Nichols Company sold an 8.9-acre land site in Irwindale, CA for $9.8 million to CenterPoint Properties, a privately-owned industrial developer. The land, which housed the seller’s operations for more than 40 years, is currently leased to United Parcel Service (UPS) for vehicle storage.

JLL’s Mike Fowler represented the buyer in the transaction. DAUM Commercial’s Dennis Sandoval and Tom Phelan handled the deal for the family-run, SoCal-based long-term truck hauling business. The property is located at 5265 4th St.

Sandoval says, “With limited infill land sites in the supply-constrained region, the opportunity to acquire this property proved very appealing to several developers. San Gabriel Valley’s industrial vacancies are holding in the low-2% range, so this is an investment that will prove highly valuable for the buyer.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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