DISTRIBUTION FACILITY IN POMONA SELLS FOR $28.4M

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POMONA, CALIF. — A 355,162-square-foot distribution center in Pomona has sold to CMC Dragon, LP for $28.4 million. It is located at 1388 W. Holt Ave. The furniture manufacturer and importer will be relocating from nearby Fontana. The facility will serve as CMC’s West Coast distribution center. The company will occupy 80 percent of the building. The remaining space will be leased to Nina Footwear, an existing tenant at the building. CMC was represented by Brian McLoughlin and David Fults of Voit’s Greater Los Angeles office. The seller, CH Realty III, was represented by Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood of Voit’s Inland Empire office.

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