Corona Lakeside Logistics Center Sold In Largest Transfer In Inland Empire History

The Corona Lakeside Logistics Center, a ±730,000 square-foot industrial portfolio located at 1501 Sherborn St in Corona, CA 92879, has been sold for nearly $325 million. This Class A logistics campus, consisting of five buildings, was acquired by a foreign-based institution from Kearny Real Estate Company. The transaction marks the largest ground-lease ownership transfer in the Inland Empire history, as well as one of the largest in Southern California.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $325,000,000
• Units: ~
• Price per Unit: Infinity
• Square Footage: 0
• Price per Square Foot: Infinity

Colliers facilitated the sale of the Corona Lakeside Logistics Center on behalf of the seller, Kearny Real Estate Company. The buyer was represented by their own broker, and there were no other brokers involved in the transaction.