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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.
- ◦Sale/Acquisition


