California + Industrial | January 31, 2019

Rockefeller Divests Inland Empire Industrial Building to KKR for $44M

New York-based Rockefeller Group sold a recently-completed 406,650-square-foot industrial distribution building in Perris, CA to KKR for $43.5 million. KKR is making the investment through its Real Estate Partners Americas II Fund.

The facility, located at the 1.45 million-square-foot Optimus Logistics Center, is the second building to be completed and sold at the project. Last September, a 1.04 million-square-foot distribution building was sold to Ferguson Enterprises.

Rockefeller Group’s James V. Camp says, “The sale of the last building at Optimus marks an important milestone for Rockefeller Group in the Inland Empire. In less than two years, we were able to develop 1.45 million square feet of industrial space on a speculative basis along the I-215 freeway and complete the business plan by selling both buildings shortly after completion of construction.”

Rockefeller Group and JV partner MBK Real Estate completed construction of the project in September 2018. JLL’s Mike McCrary, Peter McWilliams, Sharon Wortmann and Scott Coyle represented both parties.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.