REDA And Clarion Partners Sell 436,424 SF Industrial Asset Fully Leased To Cencora In Fontana

A 436,424-square-foot Class A distribution center located at 11119 Juniper Avenue in Fontana, California has been sold. The asset was fully leased to Cencora, and the transaction was part of a multi-phase project that included land acquisition, entitlements, leasing, and disposition.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 11119 Juniper Avenue
• Market: Fontana
• Asset Size: 436,424 square feet
• Seller: David Gilbert - Clarion Partners; Bill Goltermann & Jason Krotts - Real Estate Development Associates (REDA)
• Broker Representation: Patrick Nally, Makenna Peter & Evan Moran - JLL
• Mortgage Brokers: Bruce Ganong, Peter Thompson & Taylor Gimian - JLL

The sale was arranged by JLL Capital Markets, who also coordinated the financing for the transaction. This deal was notable for being the culmination of previous efforts by both REDA and a Clarion Partners-managed fund.