{"id":1004576740,"date":"2022-04-19T03:00:00","date_gmt":"2022-04-19T11:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004576740"},"modified":"2022-12-08T18:56:51","modified_gmt":"2022-12-09T02:56:51","slug":"rockefeller-group-pockets-92m-for-inland-empire-logistics-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-pockets-92m-for-inland-empire-logistics-center\/","title":{"rendered":"Rockefeller Group Pockets $92M for Inland Empire Logistics Center"},"content":{"rendered":"
\"\"<\/a>

Val Verde Logistics Center. Image courtesy of Rockefeller Group<\/p><\/div>\n

Rockefeller Group<\/strong> has sold Val Verde Logistics Center, a 289,407-square-foot distribution center in Perris, Calif., for $92 million. Lee & Associates<\/strong> represented the company on the property\u2019s leasing and sale, while Cushman & Wakefield<\/strong> represented Rockefeller on the investment sale element.<\/p>\n

Completed in October 2021, the logistics center is currently fully leased. Herdman Architecture + Design<\/strong> designed the development, Kimley-Horn<\/strong> engineered the facility, while RM Dalton<\/strong> served as general contractor.<\/p>\n

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READ ALSO<\/strong>: Cross-Border CRE Investment Hits Record High<\/a><\/p>\n

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Val Verde Logistics Center broke ground in 2020 and covers roughly 13 acres. The property comprises 182 parking spaces in a 0.63 spaces per 1,000 square feet parking ratio, according to CommercialEdge data. The facility also has 36-foot clear heights, a truck court of approximately 185 feet and is equipped with an ESFR sprinkler system, according to the same data provider. The development\u2019s sister project, the 333,572-square-foot Harvill Logistics Center<\/a> in Perris, Calif., traded for $57.5 million last September.<\/p>\n

Located at 23458 Cajalco Road, the property provides easy access to Interstate 215 via Harvill Avenue. Downtown Riverside is some 15 miles northwest of the development. James Camp, Senior Managing Director for Rockefeller Group\u2019s West Region, said in prepared remarks that the company will continue to develop in the Inland Empire and San Diego markets despite the region\u2019s limited supply of land and strong competition.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lee & Associates and Cushman & Wakefield helped facilitate the transaction. <\/p>\n","protected":false},"author":3142,"featured_media":1004576743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,34027,21783,21742,15],"tags":[32799,36286,32762,33348],"class_list":["post-1004576740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-cushman-wakefield","tag-kimley-horn","tag-lee-associates","tag-the-rockefeller-group"],"acf":[],"yoast_head":"\nRockefeller Group Pockets $92M for Inland Empire Logistics Center - CPE<\/title>\n<meta name=\"description\" content=\"Rockefeller Group sold Val Verde Logistics Center, a distribution center at 23458 Cajalco Road, Perris, Calif., for $92 million.\" \/>\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\/rockefeller-group-pockets-92m-for-inland-empire-logistics-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rockefeller Group Pockets $92M for Inland Empire Logistics Center\" \/>\n<meta property=\"og:description\" content=\"Rockefeller Group sold Val Verde Logistics Center, a distribution center at 23458 Cajalco Road, Perris, Calif., for $92 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-pockets-92m-for-inland-empire-logistics-center\/\" \/>\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=\"2022-04-19T11:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:56:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Val-Verde-Logistics-Center.-Image-courtesy-of-Rockefeller-Group-e1650358855410.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\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\/rockefeller-group-pockets-92m-for-inland-empire-logistics-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-pockets-92m-for-inland-empire-logistics-center\/\",\"name\":\"Rockefeller Group Pockets $92M for Inland Empire Logistics Center - 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