{"id":1004466457,"date":"2020-07-24T07:08:35","date_gmt":"2020-07-24T15:08:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004466457"},"modified":"2020-07-24T07:08:35","modified_gmt":"2020-07-24T15:08:35","slug":"jv-acquires-inland-empire-cold-storage-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/","title":{"rendered":"JV Acquires Inland Empire Cold Storage Portfolio"},"content":{"rendered":"<div id=\"attachment_1004466568\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004466568\" data-attachment-id=\"1004466568\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/300-el-sobrante-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\" data-orig-size=\"1188,892\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"300 El Sobrante Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;300 El Sobrante Road. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg?w=1024\" class=\"wp-image-1004466568 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg 1188w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004466568\" class=\"wp-caption-text\">300 El Sobrante Road. <em>Image courtesy of CBRE<\/em><\/p><\/div>\n<p>A joint venture between Condor Cold Storage and AEW Capital Management has acquired&nbsp;a 98,949-square-foot cold storage portfolio in Corona, Calif.<\/p>\n<p>A sale price was not disclosed. The buyers secured $8.6 million in acquisition financing for the purchase.<\/p>\n<p>According to Yardi Matrix,&nbsp;Latitude 36 Foods sold the two-building portfolio in a sale-leaseback transaction.&nbsp;The two properties feature 24-foot clear heights and a combination of office, food packaging, cooler distribution, and dry storage units.&nbsp;<\/p>\n<p>Located at 300 El Sobrante Road, the first property is just off Interstate 15. The 72,000-square-foot facility came online in 2000. The second asset is situated at 1701 N. Delilah St., within 2 miles of the first one. The facilities are within 16 miles of Ontario International Airport.&nbsp;<\/p>\n<p>CBRE\u2019s Shaun Moothart, Bruce Francis, Robert Ybarra, Dana Summers, Doug Birrell and Jim Korinek represented the buyers in securing the acquisition loan.<\/p>\n<p>In April, the same team arranged a&nbsp;$33.8 million refinancing package for Park One, <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-34m-refi-for-phoenix-business-park\/\">a 217,433-square-foot office campus<\/a> in Phoenix. The brokerage worked with Alliance Bank of Arizona, on behalf of Velocis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latitude 36 Foods sold the two-building portfolio, located in Corona, Calif., in a sale-leaseback transaction.<\/p>\n","protected":false},"author":868,"featured_media":1004466568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,34027,21742,15],"tags":[33758,37860,32789],"class_list":["post-1004466457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-inland-empire","category-latest","category-west","tag-aew-capital-management","tag-brookhollow","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV Acquires Inland Empire Cold Storage Portfolio - 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\/jv-acquires-inland-empire-cold-storage-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Acquires Inland Empire Cold Storage Portfolio\" \/>\n<meta property=\"og:description\" content=\"Latitude 36 Foods sold the two-building portfolio, located in Corona, Calif., in a sale-leaseback transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/\" \/>\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=\"2020-07-24T15:08:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1188\" \/>\n\t<meta property=\"og:image:height\" content=\"892\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\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\/jv-acquires-inland-empire-cold-storage-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/\",\"name\":\"JV Acquires Inland Empire Cold Storage Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\",\"datePublished\":\"2020-07-24T15:08:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inland-empire-cold-storage-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/300-El-Sobrante-Road-e1595592647595.jpg\",\"width\":1188,\"height\":892,\"caption\":\"300 El Sobrante Road. 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