Industrial

EASTVALE, CALIF. – TIAA-CREF has purchased a 377,100-square-foot industrial building in the Inland Empire community of Eastvale for $36.7 million. The Class A building is located at 4000 Hamner Ave. The building, commonly referred to as Park Mira Loma West, is fully occupied by Lennox International. The HVAC firm uses the building for warehousing and distribution. The company’s current lease agreement expires in 2020. Park Mira Loma West was built in 2000. It is situated near Interstates 10 and 15, as well as the 60 Freeway and Ontario International Airport. The seller, TA Associates, was represented by CBRE’s Darla Longo, Barbara Emmons and Rebecca Perlmutter Finkel. The team was assisted by Ian DeVries and Chris DeVries of Colliers International.

SAN DIEGO – A 76,954-square-foot industrial building in the San Diego submarket of Vista has sold to PacVentures for $7.4 million. The building is located at 970 Park Center Drive in the Vista Business Park. It is fully leased to two unnamed tenants. Russ Jabara and Dave Pinnegar of Colliers International represented both the buyer and seller, FG&S LLC, in this transaction.

CAMARILLO, CALIF. — An unnamed buyer has purchased Mission Oaks Corporate Center, a 732,606-square-foot industrial campus in Camarillo, for $54.5 million. The two-building campus is located at 3001 and 3175 East Mission Oaks Blvd. The buildings are fully leased to Deckers Outdoor Corp & Addison Behavioral Resources. The campus includes a 309,500-square-foot industrial warehouse distribution building, as well as a 423,106-square-foot, Class A warehouse building. CBRE’s Darla Longo, Barbara Emmons, Rebecca Perlmutter Finkel, Michael Kendall, Paul Farry, Doug Shaw and Jim Meaney represented both the buyer and seller, a joint venture between Rexford Industrial and affiliates of Dune Real Estate Partners LP, in this transaction.