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 […]
Author Archives: Quinn Johnson
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 […]
Las Vegas Review Journal: F1 supplier rents bigger warehouse ahead of Las Vegas race
A new industrial project near Nellis Air Force Base landed a tenant that says it will supply luxury suites for Las Vegas’ upcoming Formula One race. Illinois-based InProduction, which provides temporary seating, staging and the like for events, leased a newly built warehouse that spans more than 102,000 square feet, brokerage firm Cushman & Wakefield […]
The Real Deal: EBS Realty, Penwood snag Irvine industrial campus for $24M
Former Teva Pharmaceuticals facility was expected to fetch $50M EBS Realty Management and a Connecticut investor have bought the former manufacturing campus for Teva Pharmaceuticals Industries in Irvine for $24 million. The Newport Beach-based commercial investor and Penwood Real Estate Management bought the three industrial buildings at 19 Hughes Avenue, the Orange County Business Journal […]