Link Logistics & Western RealCo Acquires Industrial Property In Corona For $61.7M

A 16.5-acre industrial property located at 1375 Magnolia Ave in Corona has been sold for $61,700,000. The property spans 157,421 square feet, resulting in a price per square foot of $391. The sale was facilitated by Jeff Chiate, Mike Adey, and Brad Brandenburg from Cushman & Wakefield on behalf of the seller, McWane Inc. The buyers, Link Logistics and Western RealCo, acquired the property.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $61,700,000
• Address: 1375 Magnolia Ave.
• Market: Corona
• Acres: 16.5

Jeff Chiate, Mike Adey, and Brad Brandenburg, representing Cushman & Wakefield, played a crucial role in facilitating the transaction between the buyer, Link Logistics and Western RealCo, and the seller, McWane Inc.