{"id":1004481640,"date":"2020-10-01T06:37:35","date_gmt":"2020-10-01T14:37:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004481640"},"modified":"2020-10-01T06:37:35","modified_gmt":"2020-10-01T14:37:35","slug":"dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/","title":{"rendered":"Dedeaux Properties JV Sells Inland Empire Warehouse for $44M"},"content":{"rendered":"
\"\"<\/a>

6075 Lance Drive. Image courtesy of Dedeaux Properties<\/i><\/p><\/div>\n

A partnership between Dedeaux Properties and Artemis Real Estate Partners has closed on the $44.4 million disposition of a 361,346-square-foot distribution center in the Inland Empire. The buyer, office furniture manufacturer Loctek Ergonomic, will relocate from a facility in Livermore, Calif.<\/p>\n

The building, located at 6075 Lance Drive in Riverside\u2019s Sycamore Canyon Business Park, marks the second divestment the partnership has made in the area this year. In February, Yardi Matrix shows TA Realty paid more than $130 million<\/a> for Dedeaux\u2019s other, 1 million-square-foot property just to the south.<\/p>\n

Loctek\u2019s new property delivered in October 2019 and boasts a range of features, with 32-foot clear heights, 37 loading docks and two drive-in doors. As part of the sale transaction, Dedeaux will implement tenant improvements, adding extra dock levelers, lighting with motion sensors and a backup power station. The building\u2019s secured truck courts have parking for 53 trailers and auto parking is available on-site for nearly 170 vehicles. The structure also has 7-inch Ductilecrete concrete flooring and ESFR fire sprinkler systems. <\/p>\n

Colliers International’s Ian DeVries, Chris DeVries and Patricia Uchytil acted on behalf of the seller in the deal.<\/p>\n

Despite the pandemic\u2019s headwinds for commercial real estate, industrial investments have thus far remained relatively healthy\u2014even thriving\u2014due to the rapid growth of e-commerce. Both large-scale distribution centers and last-mile facilities continue to be in demand, though absorption of new deliveries could fall<\/a> before the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

An office furniture manufacturer acquired the 361,346-square-foot industrial asset which delivered late last year.<\/p>\n","protected":false},"author":861,"featured_media":1004481646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,34027,21783,21742,15],"tags":[34570,32763,33958,46568],"class_list":["post-1004481640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-artemis-real-estate-partners","tag-colliers-international","tag-dedeaux-properties","tag-dedeaux-sycamore-canyon-distribution-park"],"acf":[],"yoast_head":"\nDedeaux Properties JV Sells Inland Empire Warehouse for $44M - 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\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dedeaux Properties JV Sells Inland Empire Warehouse for $44M\" \/>\n<meta property=\"og:description\" content=\"An office furniture manufacturer acquired the 361,346-square-foot industrial asset which delivered late last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/\" \/>\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=\"2020-10-01T14:37:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/6075-Lance-Drive.-Image-courtesy-of-Dedeaux-Properties.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=\"Jeff Hamann\" \/>\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\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/\",\"name\":\"Dedeaux Properties JV Sells Inland Empire Warehouse for $44M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/6075-Lance-Drive.-Image-courtesy-of-Dedeaux-Properties.jpg\",\"datePublished\":\"2020-10-01T14:37:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dedeaux-properties-jv-sells-inland-empire-warehouse-for-44m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/6075-Lance-Drive.-Image-courtesy-of-Dedeaux-Properties.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/6075-Lance-Drive.-Image-courtesy-of-Dedeaux-Properties.jpg\",\"width\":800,\"height\":620,\"caption\":\"6075 Lance Drive. 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