Chelsea Tamuk Levane Of Cabot Properties Acquires IE 4-Pack Industrial Portfolio For $202.1M

The transaction involves the acquisition of the IE 4-Pack portfolio, comprising four properties located at 1670 Champagne Avenue, 1651 South Carlos Avenue, 10917 Cherry Avenue, and 750 South Valley View Avenue. The total square footage of the portfolio is 669,057, and it was sold for $202,100,000. The portfolio is situated in the markets of Ontario, Fontana, and San Bernardino, classified as a Class A industrial asset. The price per square foot amounts to $302, with the properties being fully occupied and maintaining a strong tenant profile.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $202,100,000
• Buyer: Chelsea Tamuk Levane - Cabot Properties
• Seller: Link Logistics
• Brokers: Gian Bruno, Joey Jones, Kenny Patricia, Kylie Jones, Michael Kendall, Stephen Bellitti & Thomas Taylor - Colliers
• Market: Ontario, Fontana & San Bernardino
• Square Footage: 669,057
• Price per Square Foot: $302
• Weighted Average Lease Term: 3.6 years

Colliers oversaw the marketing and sale process of the portfolio, highlighting its strategic location and the appeal of a strong tenant base. The brokerage team consisted of seven representatives who facilitated the transaction, reflecting their expertise in the industrial market.