The property involved in the transaction is a commercial asset located at 20123 Harvill Ave, Perris, CA, 92570. This logistics facility, known as Harvill Business Center, spans 423,665 square feet and features a Ductilcrete concrete floor slab, 36-foot clear heights, 2.5 percent skylights, LED lighting, a gated concrete truck yard, on-site truck staging, and low-water landscaping. The property was completed in early 2020 and is occupied on a long-term basis by American Standard, a subsidiary of Lixil Corp., which specializes in plumbing and building products manufacturing.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: Undisclosed
• Address: 20123 Harvill Ave, Perris, CA, 92570
• Market: Perris
• Square Footage: 423,665
• Buyer: Black Creek Group
• Seller: Core5 Industrial Partners
• Buyer's Representative: Michael Chavez-Lee & Associates
• Seller's Representative: Michael Chavez-Lee & Associates

Michael Chavez of Lee & Associates represented both the buyer, Black Creek Group, and the seller, Core5 Industrial Partners, in this transaction. The strategic move enhances Black Creek Group's portfolio in the logistics sector, while Core5 Industrial Partners has successfully divested from the asset.