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Rockefeller Group sold Val Verde Logistics Center, a recently completed speculative industrial development in California's Riverside County, for $92 million

Rock Group Trades Spec Industrial in Riverside County for $92M 

Rockefeller Group has sold a recently completed distribution center to an undisclosed institutional investor for $92 million. Val Verde Logistics Center, a 289,407-square-foot speculative distribution building located in Riverside County, was completed in October 2021 and is fully leased to a pool equipment supplier. 

Val Verde Logistics Center is located on nearly 13 acres in Riverside County and broke ground in 2020. Its sister project, Harvill Logistics Center, was sold last year to a joint venture between CH Realty Partners LLC and Blumenfeld Development Group for $57.5 million.  

Bill Heim and Alex Heim of Lee & Associates represented Rockefeller Group on the leasing & sale of Val Verde Logistics Center. Jeffrey Cole, Jeff Chiate, Mike Adey, Ed Hernandez, Brad Brandenburg and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group—recently recognized in Connect CRE’s Top Broker Awards–represented Rockefeller Group on the investment sale element of the project.  

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Lee & Associates' Bill HeimCushman & Wakefield's Chiate

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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