JV INVESTS IN EL CAJON DISTRIBUTION CENTER
SAN BERNARDINO, CALIF. — A joint venture between Behringer Harvard, CT Realty Investors, Westcore Properties and Pacific Coast Capital Partners has invested in El Cajon Distribution Center in San Bernardino. El Cajon consists of two buildings totaling 1.4 million square feet. The property is located on 63 acres at 7010 and 7140 N. Cajon Blvd.
The distribution center provides direct access to interstates 15 and 215. It is also approximately 50 miles away from the Los Angeles area's intermodal rail yards and ports.
Behringer Harvard made its investment in the property on behalf of Behringer Harvard Opportunity REIT II. In a statement, Behringer Harvard Chief Administrative Officer Jason Mattox said, “Delivered as the economic downturn took hold of the California and national economies, both buildings at El Cajon Distribution Center have never been occupied. However, these buildings have the attributes that most demanding industrial tenants desire. Given the growing interest industrial buildings of this caliber are seeing from the user community, as the economy begins to improve, we believe that the potential for tenanting the buildings is strong.”
Details regarding the transaction were not disclosed.
— Coleman Wood