Rockefeller Group has purchased a development site located at Patterson Ave & Nance Street in Perris, Calif. The site spans 14 acres and has been acquired for a total amount of $13.4 million. The buyer plans to construct a 259,000-square-foot distribution center named Patterson Commerce Center. The project is strategically situated in the Inland Empire East region to meet the high demand for quality Class-A industrial space. Construction is set to begin in September 2023 and is expected to be completed by Summer 2024.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,400,000
• Address: Patterson Ave & Nance Street, Perris, Calif.
• Market: Perris
• ACRES: 14

The buyer in this transaction is Rockefeller Group, represented by Brett W. Anderson and Mark Hilton Carpenter Jr. The seller's brokers involved in the deal are Joe McKay, Michael McKay, and Michael Fine from Lee & Associates.