 |
| Ryan Martin |
The HFF team represented the seller, Circle
Industrial. An affiliate of Heitman LLC purchased the asset.
290 Markham Street was developed by the seller in
2017. The one-building facility is fully leased to TechStyle, an
e-commerce fashion company, and features 112 dock doors, 153 trailer stalls,
36-foot clear heights and a low office finish at 1.26 percent of the square
footage.
The property’s location provides easy access to Perris Boulevard, the main arterial serving Perris and Moreno Valley, in addition to Interstate 215 and State Road 60, which provide access to the Ports of Long Beach and Los Angeles, which are 75 and 81 miles from the property.
290 Markham Street is situated on 24.26 acres in the Inland
Empire, one of the most robust markets in the country.
 |
| Anthony Brent |
“This was a true win-win for both the seller and the buyer,”
Briner said. “For Circle Industrial, this was the culmination of the
development process, while Heitman secured a premier Class A facility with a
long-term lease in place to a rapidly growing e-commerce company that will
prove to be a great investment.”
Holliday GP Corp. ("HFF") is a real estate broker
licensed with the California Department of Real Estate, License Number
01385740.
For
more information on this news release, please contact:
KRISTEN
MURPHY
HFF Director, Public
Relations
(617) 338-0990
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