HFF announces sale of new Inland Empire industrial warehouse

Ryan Martin

LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 290 Markham Street, a 475,235-square-foot, newly developed, fully leased, state-of-the-art industrial warehouse in the Inland Empire community of Perris, California.

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

The HFF investment advisory team representing the seller included Andrew Briner, Anthony Brent and Ryan Martin.

“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

krmurphy@hfflp.com

http://www.circle-industrial.com.