More Industrial Deals Fuel Already Hot Market

The Inland Empire remains one of – if not the – hottest industrial and mixed-use markets in the country. And the buying, selling and securing shows no signs of slowing, with Cushman & Wakefield announcing another large deal in the I.E.

According to a news release, a partnership between Link Logistics and Western Realco acquired a 16.45-acre industrial redevelopment site at 1375 Magnolia Ave. in the city of Corona. 

About seven miles away in the same city, Newport Beach-based North Palisade Partners also recently announced the development of a new 205,000-square-foot Class A facility to tap into the same demand Link and Western Realco are looking to meet.

Cushman & Wakefield announced the deal and represented the seller of the Magnolia property, McWane, one of the world’s largest manufacturers of iron waterworks and plumbing products. The brokerage did not reveal the sales price, but property records show the site traded for $61.8 million (reported here first).