Pacific Bend and Big Dog Prevail in Competitive Bid Process
Pacific Bend Inc. and partner Big Dog Properties recently acquired a 140,000-square-foot industrial building located at 5733 W. Whittier Ave. in Hemet, CA for $7.9 million. The buyer will utilize the building for its Redlands, CA-based manufacturing business.
Built in 1983 and situated on 9.99 acres, the 140,000-square-foot building features a 20,000-square-foot two-story office space. The property provided the buyer with a facility that was large enough for its current employee base with room to grow.
Avison Young’s Patrick Barnes and Paul Clark, who work out of the downtown Los Angeles office, represented the buyer.
“The industrial sector in the Inland Empire continues to remain extremely tight with tenant and investor demand at all-time highs for functional space,” said Clark. “This property was an ideal situation for the owner-user buyer.”
The seller, TE Connectivity, formerly occupied the asset.
“Avison Young’s insight and deal experience allowed for our client to be aggressive in a competitive bid situation, provide confidence in the buyer’s commitment to the transaction, while providing sufficient time for the due diligence process,” Barnes added.
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.