Centerpoint Properties Acquires Industrial Property In Inland Empire For $15.25M

The industrial property located at 535 E. Tennis Court Lane in the Inland Empire was recently sold in a closed transaction. The property spans 92,000 square feet and is situated in a prime location.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $15,250,000
• Square Footage: 92,000
• Price per Square Foot: $165
• Market: Inland Empire
• Buyer: Centerpoint Properties
• Seller: Partner's Capital Inc. - Mark Blumenthal & Robhana Group
• Buyer's Representatives: Remy Moses & David Bales

The sale was facilitated by Remy Moses and David Bales, who represented the buyer, Centerpoint Properties. The seller, Partner's Capital Inc., in collaboration with Robhana Group, acquired the property in 2017 through an off-market 1031 exchange. This transaction played a significant role in expanding Partner's Capital Inc.'s portfolio in the industrial property sector. According to Remy Moses, this property was a standout choice for industrial building investors.