North Palisade Partners Acquires Development Site In Redlands For $44.5M

The development site located at 1101 California Street in Redlands was recently sold for a price of $44,500,000. Spanning across an area of 740,520 square feet, the property boasts a price per square foot of $60, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $44,500,000
• Address: 1101 California Street, Redlands
• Market: Redlands

The buyers of this development site were North Palisade Partners, represented by Joe Mishurda and Pete Williams. The transaction was facilitated by real estate broker Hunter Warner from Lee & Associates, who played a crucial role in bringing the deal to fruition.