The Roxborough Group, LLC and Cress Capital have acquired a 101,000-square-foot industrial building in Chino, CA. The purchase, Roxborough’s first industrial investment in the Inland Empire, was acquired using the firm’s $518 million Roxborough Fund III. Terms of the transaction were not disclosed.
The property, located at 4331 Eucalyptus, offers 28’ clear heights, nine dock-high doors, eight grade-level doors and 2,000 amps of power.
“4331 Eucalyptus is a modern, highly functional building with exceptional access to both the Los Angeles and Orange County markets,” said Roxborough SVP Nick Bryer. “The Inland Empire market continues to benefit from the confluence of e-commerce growth, supply chain reconfiguration and reshoring of manufacturing. This is set against a backdrop of near-zero vacancy and an increasingly difficult development environment.”
This is the fifth industrial acquisition for Cress Capital. Colliers’ Richard Schwartz and Joey Reaume will lead the building’s marketing and leasing work.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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