Clarion Partners and EBS Realty Partners have closed on a 19-acre industrial site in Colton that is already approved for a 412K SF warehouse. The duo paid $61M for the site. Colton, like a handful of other Inland Empire cities, had a moratorium on new warehouse properties, but it expired in May, LA Business First reported. “This project […]
Monthly Archives: July 2023
The Registry: Clarion Partners, EBS Realty Pay $61MM for 19-Acre Industrial Site in Colton
CBRE announced the sale of a 19-acre industrial site in Colton, Calif. to Los Angeles-based real estate investment firm Clarion Partners and Orange County-based investment firm EBS Realty Partners for $61 million. CBRE’s Darla Longo, Barbara Perrier and Eric Cox represented the seller, Newport Beach, Calif.-based real estate investment firm Hager Pacific Properties, in the […]
EBS And Penwood Real Estate Investment Management Announce Building for Sale
EBS and Penwood Real Estate Investment Management, LLC, through its fifth value-added investment vehicle Penwood Select Industrial Partners V, L.P., partnered on their 10th joint venture in December 2019 to entitle and develop four “Class A” buildings between 52,000 and 121,000 SF on the corner of S. Grove Avenue and E. Francis St. The project required two Phases due to […]