Ward Fitzgerald Acquires Industrial Asset From Paul R. Lorentz For $197M

The industrial property located at 13423-13473 Santa Ana Avenue in Fontana, California was sold for $197,000,000. The asset spans 819,004 square feet and was purchased by Ward Fitzgerald of EQT Exeter from Paul R. Lorentz of Manulife Investment Management. The transaction was facilitated by JLL brokers, including Brian Torp, Evan Moran, Kevin MacKenzie, Makenna Peter, Mark Detmer, Mike McCrary, Patrick Nally, Ruben Goodsell, and Samuel Godfrey. The industrial facility features 30-foot clear heights, 128 dock-high loading doors, and offers prime access to major transportation routes and Ontario International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $197,000,000
• Address: 13423-13473 Santa Ana Avenue, Fontana
• Market: Fontana

Ward Fitzgerald of EQT Exeter acquired the Commerce Way Distribution Center in Fontana, California for $197 million. The property was previously sold for $55 million in 2011. On the other side of the deal, Paul R. Lorentz of Manulife Investment Management acted as the seller. The transaction was orchestrated by a team of JLL brokers led by Brian Torp, Evan Moran, Kevin MacKenzie, Makenna Peter, Mark Detmer, Mike McCrary, Patrick Nally, Ruben Goodsell, and Samuel Godfrey.