Sunday, March 3, 2019

Voit Real Estate Services Directs $15.9 Million Sale of Newly Developed 120,576-SF Industrial Property in Rialto, CA

Magnolia Foods Building, 1450 Alder Avenue, Rialto, CA
Juan Gutierrez
  • Rialto, CA  Voit Real Estate Services has successfully directed the sale of a newly constructed, 120,576 square-foot freestanding industrial facility in Rialto, California, for a total consideration of $15.9 million.
Voit Real Estate Services’ Juan GutierrezFrank Geraci, and Adam Geiger represented the seller, Compass Danbe Real Estate Partners LLC, a leading investment and management advisor and also an active developer in the Inland Empire market.
The property was purchased by 1450 Alder Avenue, LLC which then leased out the property to its affiliate Magnolia Foods, a Mira Loma-based manufacturer and distributor of high-quality food products that is expanding its presence in the Inland Empire with this acquisition. 

Frank Geraci
“In spite of these new deliveries, there continues to be a tremendous lack of quality for-sale industrial product in the 100,000 to 200,000 square-foot size range.  

"Compass Danbe is addressing this need in the market by developing more than five ground-up industrial properties in Rialto.”
Voit represented Compass Danbe Real Estate Partners LLC in the acquisition of more than 15 acres of land over the past 24 months and is now the exclusive agent for each property’s lease or sale.
“The City of Rialto’s commitment to infrastructure and support of the industrial sector makes it an excellent location for owner-users, tenants and investors,” says Mark Bachli, Principal and Co-Founder of Compass Danbe Real Estate Partners LLC. 
“For this reason, we continue to invest heavily in this particular area and plan to bring numerous Class A industrial properties in the 70,000 square foot to 120,000 square foot size range to market during 2019 and 2020.”
Situated in a newly developed business park within the Renaissance master-planned development of Rialto, the building offers immediate access to I-210 freeway, and is close to the 210/15 freeway interchange, which allows excellent East West and North South interstate transportation routes, according to Voit’s Chenoweth.

“The Voit team has a strong partnership with Magnolia Foods, through which we worked diligently to identify the right location for this expansion,” says Chenoweth. 
“We recognized that the company needed a Class A facility in order to preserve the integrity of its processes and products. In addition, we knew the target location was the Western Inland Empire in order to keep the company in close proximity to its existing operations and the abundant quality workforce in the area.”

Adam Geiger

The facility features 22 dock-high loading doors, an ESFR fire sprinkler system, 32-foot minimum ceiling clear height, a 181-foot truck court, and a 2,000-amp electrical services, 6,000 SF of two-story office, among other amenities.
“This is an exemplary location with national corporate neighbors including Target, Amazon, Under Armour, Niagara Water, Monster Beverage, Kellogg’s and Medline,” says Chenoweth.
The property is located at 1450 Alder Avenue in Rialto, California.

 Further information is available at


Micaela Fehrenbach /Jenn Quader
(949) 955-7940

HFF closes sale of North County San Diego, CA medical office building

Palomar Health Outpatient Center Phase I,
North County San Diego, CA

Mark Burkemper
SAN DIEGO, CA  HFF announces that it has closed the sale of Palomar Health Outpatient Center Phase I, a medical office building totaling approximately 75,000 square feet in North County San Diego, California.

HFF marketed the property on behalf of the seller, Encinitas-based real estate developer JRMC Real Estate Inc., and procured the buyer, Harrison Street Real Estate Capital, LLC.

The property is a three-story, build-to-suit, Class A building that is 100 percent leased to Palomar Heath, which plans to offer high-acuity services such as radiation, oncology, express care/outpatient clinical services and a Palomar-Rady Children’s Hospital venture at the facility.  Phase I was delivered in April 2018.  

Evan Kovac
The Palomar Health Outpatient Center Phase I is located on the 56-acre, award-winning Palomar Medical Center Escondido campus, a 288-bed hospital with the only Trauma Center within a 20-mile radius.  

Additionally, the building is positioned at the intersection of Interstate 15 and State Route 78, two major thoroughfares in San Diego County.

Mark Burkemper, Managing Director and Head of Healthcare Real Estate for Harrison Street, stated that, “We are excited to be a real estate partner for Palomar Health, northern San Diego County’s health care district. 

"This on-campus, outpatient medical office building complements our existing portfolio of Class A outpatient facilities associated with leading health systems across the country.  

Andrew Milne
"The building is an asset to the community and its residents and will serve as an extension for clinical services at Palomar Medical Center Escondido, Palomar Heath’s brand-new state-of-the-art hospital and level II trauma center.”

The HFF investment advisory team representing the seller was led by managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett, who are members of HFF’s national medical office capital markets team. 

The debt advisory team included senior managing director Tim Wright and senior director Zack Holderman, who is also a member of the national medical office capital markets team.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Harrison Street is one of the leading real estate investment management firms exclusively focused on the Education, Healthcare and Storage sectors.  

Zack Holderman
The firm has created a series of differentiated investment strategies across multiple risk/return platforms.  Headquartered in Chicago, the firm employs a 140-person team with approximately $18.0 billion in assets under management.  

For more information, please visit

owned by HFF, Inc. (NYSE: HF). 

 For more information, please or follow HFF on 
Twitter @HFF.


CA Lic. #01750736
HFF Managing Director
(206) 576-0033

CA Lic. #01868031
HFF Director
(858) 552-7690

HFF Director, Public Relations
(617) 338-0990

ZOOM™ Solar-Powered Gulf Gas Station, Convenience Store and Car Wash Opens in NorthSide Regeneration Development in St. Louis, MO

 ZOOM Gulf gas station and C-Store at 1300 N. Tucker Boulevard, North St. Louis, MO

St. Louis, MO – It’s an exciting time in north St. Louis City. Along with the multibillion-dollar National Geospatial-Intelligence Agency (NGA) project proceeding and new residential homes being built, St. Louis Grocery Group has opened the ZOOM Gulf gas station and C-Store at 1300 N. Tucker Blvd.

An official grand opening celebration is scheduled for mid-April.

“NorthSide Regeneration’s vision is to create a healthier, more vibrant community in north St. Louis City,” said NorthSide Regeneration developer Paul McKee, Jr.

Paul McKee Jr.
“We have identified five economic and social deserts within this underserved area of St. Louis City that include health, food, jobs, digital divide and safety.

"Our proposed NorthSide Regeneration development is working to address these areas, with ZOOM being the first. ZOOM is powered by solar energy, plus it brings farm fresh healthy food options and more than a dozen full- and part-time jobs to the area.

"Additionally, ZOOM’s construction generated several construction jobs that exceeded the city’s minority participation requirements on the project in both contractors and boots on the ground working.”

Chef Phillip Kurrus
In addition to the typical products sold at most convenience stores, ZOOM also offers farm fresh produce and local artisan products provided by St. Louis area entrepreneurs and Good Natured Family Farms, an alliance made up of 150 family farms located in Missouri, Illinois and Kansas.

 Initial locally-sourced food offerings at ZOOM include a variety of jams, jellies and pickled items from Blackberry Hill Farms in Rich Hill, MO and honey from Hawley Honey Bee Farm in Iola, KS.

ZOOM also sells seasonal items and holiday gift baskets, plus healthy meals-on-the-go such as pizzas, sandwiches, salads and wraps made fresh in ZOOM’s GoCafĂ© by Executive Chef Philip Kurrus and his staff.

Chef Kurrus brings nearly 30 years of foodservice and hospitality experience to ZOOM. He previously served in a variety of positions ranging from Executive Chef to Kitchen Manager.

Cheff Todd English
Chef Kurrus earned his Associates in Culinary Arts degree from the New England Culinary Institute in Montpelier, VT and interned under Todd English at Michaela’s in Cambridge, MA and with Marcel Keraval at CafĂ© de France in St. Louis, MO.


Jennifer Beidle