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Clarion Snaps Up Colton Site Outside Inland Empire’s Development Moratorium
Los Angeles-based real estate investment firm Clarion Partners and Orange County-based investment firm EBS Realty Partners acquired a 19-acre industrial site in Colton for $61 million. CBRE’s Darla Longo, Barbara Perrier and Eric Cox represented the seller, Newport Beach-based Hager Pacific Properties.
Located at 275 and 375 De Berry St., the site is currently comprised of two vacant industrial buildings and a dirt lot. The site is approved for the construction of a 412,000-square-foot warehouse that could be completed as early as the third quarter of 2024. The property is adjacent to I-215, connecting Colton to the rest of the Inland Empire.
“This project provided the buyer with an incredible opportunity to acquire one of the very few assets that is outside of the warehouse development moratorium in the Inland Empire,” said Longo. “Our team fielded many competitive offers, given the truly irreplaceable distribution location of this property.”
- ◦Sale/Acquisition


