{"id":1004344262,"date":"2019-08-07T03:44:56","date_gmt":"2019-08-07T11:44:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004344262"},"modified":"2019-08-07T06:48:31","modified_gmt":"2019-08-07T14:48:31","slug":"inland-empire-property-trades-for-94m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-empire-property-trades-for-94m\/","title":{"rendered":"$94M Industrial Deal Sets the Pace for Southern California"},"content":{"rendered":"<div id=\"attachment_1004344265\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004344265\" data-attachment-id=\"1004344265\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inland-empire-property-trades-for-94m\/dedeaux-sycamore-canyon-distribution-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg\" data-orig-size=\"837,624\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FC220&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1564588730&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.73&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0032258064516129&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Dedeaux Sycamore Canyon Distribution Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Dedeaux Sycamore Canyon Distribution Center. Image courtesy of Dedeaux Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg?w=837\" class=\"wp-image-1004344265 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg\" alt=\"\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg 837w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Dedeaux-Sycamore-Canyon-Distribution-Park-e1565125418731.jpg?resize=768,573 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004344265\" class=\"wp-caption-text\">Dedeaux Sycamore Canyon Distribution Center. <em>Image courtesy of Dedeaux Properties<\/em><\/p><\/div>\n<p>In a joint venture with an institutional partner, Los Angeles-based investment firm Dedeaux Properties has purchased a 1 million-square-foot industrial property in Riverside, Calif., for $94.2 million, according to property records. The seller was Hillwood Investment Properties, according to Yardi Matrix info.<\/p>\n<p>A Colliers International team of Ian DeVries and Chris DeVries represented both the buyer and the seller in the deal and will be handling leasing for the property.<\/p>\n<p>According to the firm, the deal marks the largest single-asset industrial acquisition in Southern California so far this year. The warehouse and distribution center is located at 6275 Lance Drive on 52 acres and features 147 dock-high loading doors, four ground-level loading doors, 36-foot warehouse clearance with cross-dock loading, an ESFR sprinkler system and two secured truck courts with 192 trailer parking spaces.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/top-10-industrial-completions-in-the-inland-empire\/\">Top 10 Industrial Completions in the Inland Empire<\/a><\/p>\n<hr>\n<p>Built in 2018, the industrial property is situated within the 920-acre Sycamore Canyon Business Park, which counts Amazon, Big 5 Sporting Goods, Pepsi Bottling and Kroger as corporate neighbors. Located in the Inland Empire, the property offers close access to major thoroughfares such as Interstate 215 and California State Route 60.<\/p>\n<p>The acquisition comes on the heels of Dedeaux\u2019s recent acquisition of an adjacent property that is nearing completion. Together, the two buildings total about 1.4 million square feet and have been branded the Dedeaux Sycamore Canyon Distribution Park. The company has been actively acquiring industrial properties in Southern California recently, including a cold storage facility in Central Los Angeles and truck terminal developments in the Inland Empire West. Last summer, Dedeaux sold <a href=\"https:\/\/www.commercialsearch.com\/news\/dedeaux-sells-7-building-la-industrial-campus\/\">a seven-building industrial campus<\/a> in the City of Industry for $50 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dedeaux Properties and an institutional partner acquired the Inland Empire asset in the area\u2019s biggest single-asset industrial transaction of 2019.  <\/p>\n","protected":false},"author":745,"featured_media":1004344265,"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":[32763,33958,46568],"class_list":["post-1004344262","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-colliers-international","tag-dedeaux-properties","tag-dedeaux-sycamore-canyon-distribution-park"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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