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| Catawba Distribution Center, Fontana, CA |
IRVINE, CA – HFF announced it has closed on a $23 million
transaction for the development of Catawba Distribution Center, a
310,550-square-foot, future Class A industrial distribution center located east
of Los Angeles, California, in Fontana within the Inland Empire West
submarket.
HFF
exclusively marketed the investment for Xebec Realty Partners and awarded the
project to a large, discretionary real estate fund upon negotiating a
successful forward structure between the two parties.
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| Ryan Martin |
Catawba Distribution Center is a fully-entitled, future industrial
development located on 13.78 acres at the northwest corner of Santa Anna Avenue
and Catawba Avenue in Fontana, approximately 12 miles from LA/Ontario
International Airport with easy access to Interstate 10.
The institutional
quality industrial warehouse will include 32’ clear heights, a 180’ secured
concrete truck court and 35 dock-high positions with 59 trailer positions. Catawba Distribution Center is scheduled for
completion in August 2015.
The
HFF team was led by senior managing director Anthony J. Brent and
managing director Ryan Martin.
“The transaction was structured as a forward commitment and
is representative of the demand for quality core distribution product,” Brent
said.
“With vacancies declining and rents increasing within the
Inland Empire markets, especially within the 300,000-square-foot category, the
development attracted a variety of large funds.”
Learn more about Xebec at www.XebecRealty.com.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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