The property underwent cosmetic renovations in 2014.
The net-leased facility traded in an off-market deal.
The former Gulf & Basco headquarters is fully occupied.
Otay Business Park will be one of the largest distribution projects in Southern California.
Ares Management is the landlord of the Perris facility.
With this location, the company is making its first foray into the South Florida market.
At full build-out, Gilbert Spectrum will total some 850,000 square feet.
The company acquired the 94,186-square-foot warehouse last month.
The companies have agreed to occupy space vacated by Blue Shield at an office campus in El Dorado Hills, Calif.
Discover Vision Centers sold the six-building portfolio.