Link and Western Realco Scoop Up Corona Industrial
A 16.45-acre industrial redevelopment site in Corona recently sold to a partnership between Link Logistics and Western Realco. The seller of the property at 1375 Magnolia Ave. was McWane Inc., one of the largest manufacturers of iron waterworks and plumbing products.
The sale was made on a land basis with plans to redevelop the site, although plans are not yet revealed. Cushman & Wakefield marketed the site as a redevelopment opportunity with the potential to build two new class-A industrial buildings totaling more than 300,000 square feet of warehouse space. The property currently consists of multiple industrial structures originally built in the mid-1900s that would be demolished under such plans.
Jeff Chiate, Mike Adey and Brad Brandenburg of Cushman & Wakefield represented the seller in the transaction. Local market advisory was provided by Cushman & Wakefield’s Rick Ellison and Brett Lockwood, who will also be responsible for the leasing of the new project.
“The site presented a tremendous redevelopment opportunity of a large piece of land in an infill location with considerable barriers to entry, together with a strategic location directly at the Interstate-15 and SR-91 Highway interchange, providing exceptional accessibility and visibility,” said Chiate. “Additional advantages include its convenient logistical location 50 miles from the LA/Long Beach Port Complex and 10 miles from Ontario International Airport.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.