Sales Deals of the Week: $197M Industrial Sale
The top five investment sales from April 1 to April 5.
By The Editors April 5, 2024 10:00 am
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The Inland Empire continues to be a hot industrial market. Case in point, a single asset in Fontana, Calif., sold for $197 million this week. EQT Exeter picked up the 819,004-square-foot Commerce Way Distribution Center in a deal that equaled about $240 per square foot. That wasn’t the only industrial deal to crack the top five, with 7400 Hazard Avenue in Orange County, Calif., changing hands for $64 million.
| Amount | Address | Buyer | Seller | Brokers | Asset |
|---|---|---|---|---|---|
| $197 million | 13423-13473 Santa Ana Avenue; Fontana, Calif. | EQT Exeter | Manulife Investment Management | JLL | Industrial |
| $85.6 million | 8200 Wisconsin Avenue and 5015 Battery Lane; Bethesda, Md. | Corner Lot Advisors | Aldon Management | Greysteel | Multifamily |
| $64 million | 7400 Hazard Avenue; Westminster, Calif. | Ares Management | Clarion Partners | Cushman & Wakefield's Jeff Chiate, Jeffrey Cole, Rick Ellison and Matt Leupold | Industrial |
| $53 million | 1785 NE Fourth Street; Boynton Beach, Fla. | Smith & Henzy Affordable Group | Related Group | N/A | Senior housing |
| $47 million | 250 Waterfront Street; Oxon Hill, Md. | Sak Developers | Bre SSP Property Owner | JLL's Ketan Patel, Philip White and Vasilis Halakos | Hotel |
Sales Deals of the Week reflect deals closed or announced from April 1 to April 5. Information on sales can be sent to editorial@commercialobserver.com.
13423-13473 Santa Ana Avenue, 1785 NE Fourth Street, 250 Waterfront Street, 5015 Battery Lane, 7400 Hazard Avenue, 8200 Wisconsin Avenue, Industrial Property, Aldon Management, Bre SSP Property Owner, Corner Lot Advisors, EQT Exeter, Greysteel, Manulife Investment Management, Related Group, Sak Developers, Smith & Henzy Affordable Group
