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ONTARIO, CALIF. – Cobalt Capital Partners, through its Cobalt Industrial REIT III affiliate, has acquired the 111,890-square-foot Dupont Business Center in Ontario, Calif. This marks Cobalt's first expansion into the Los Angeles-area market. Built in 2001, Dupont Business Center consists of two vacant buildings. Cobalt plans to transform the center into multi-tenant suites that range from 15,000 square feet to 111,890 square feet.