{"id":1004262170,"date":"2018-09-04T02:03:25","date_gmt":"2018-09-04T10:03:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004262170"},"modified":"2022-12-08T18:30:28","modified_gmt":"2022-12-09T02:30:28","slug":"liberty-property-trust-buys-52m-inland-empire-industrial-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-buys-52m-inland-empire-industrial-building\/","title":{"rendered":"Liberty Property Trust Buys $52M Inland Empire Industrial Building"},"content":{"rendered":"

By Barbra Murray <\/em><\/p>\n

\"Erin<\/a>

Erin Plourde, vice president of Acquisitions, Liberty Property Trust<\/p><\/div>\n

Liberty Property Trust just bolstered its Southern California presence by 426,300 square feet with the acquisition of I-210 Logistics IV, a newly constructed industrial property in Rialto. The REIT purchased Logistics IV for $52 million and, in short order, secured engineering and logistics company CTDI as the facility\u2019s sole tenant. <\/p>\n

\u201cWe closed on the building and leased it in full in just a week,\u201d<\/em> Erin Plourde, vice president, acquisitions with Liberty Property Trust, said in a prepared statement.<\/p>\n

Located on approximately 8.5 acres at 1543 N. Alder St., in San Bernardino County, roughly 50 miles east of Los Angeles, Logistics IV had reached shell completion when Liberty purchased the LEED-qualified property. CTDI\u2019s lease commenced in August.<\/p>\n

Liberty\u2019s purchase of Logistics IV increases the REIT\u2019s footprint within Rialto\u2019s Renaissance Specific Plan, a multi-use master-planned area, to four buildings. And there\u2019s further expansion on the horizon in Rialto, as the REIT will soon kick off construction of the 401,100-square-foot I-10 Valley Logistics Center nearby.<\/p>\n

Shining a light on the Golden State<\/strong> <\/h2>\n

Liberty, however, isn\u2019t just keen on Rialto; the company owns assets totaling more than 4.3 million square feet across Southern California\u2019s thriving industrial market<\/a>.<\/p>\n

\u201cLiberty is focused on expanding our presence in the largest industrial market in the country,\u201d Plourde told Commercial Property Executive<\/em>. \u201cContinual positive real estate fundamentals\u2014low vacancy and significant rent growth\u2014are being driven by, among other reasons, access to the ports and demand for goods in the region. It\u2019s an exciting time to be in this market and our goal is to continue to grow in Southern California.\u201d<\/em><\/p>\n

Image courtesy Liberty Property Trust<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The REIT purchased I-210 Logistics IV, a 426,300-square-foot property in Rialto, Calif., and subsequently leased the entire facility to engineering and logistics company CTDI. <\/p>\n","protected":false},"author":969,"featured_media":1004262176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,34027,21783,21742,15],"tags":[33043],"class_list":["post-1004262170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-liberty-property-trust"],"acf":[],"yoast_head":"\nLiberty Property Trust Buys $52M Inland Empire Industrial Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-buys-52m-inland-empire-industrial-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Property Trust Buys $52M Inland Empire Industrial Building\" \/>\n<meta property=\"og:description\" content=\"The REIT purchased I-210 Logistics IV, a 426,300-square-foot property in Rialto, Calif., and subsequently leased the entire facility to engineering and logistics company CTDI.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-buys-52m-inland-empire-industrial-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-04T10:03:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:30:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Erin-Plourde-Liberty-Property-Trust.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-buys-52m-inland-empire-industrial-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-buys-52m-inland-empire-industrial-building\/\",\"name\":\"Liberty Property Trust Buys $52M Inland Empire Industrial Building - 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