{"id":1004604483,"date":"2022-09-28T04:02:21","date_gmt":"2022-09-28T12:02:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004604483"},"modified":"2022-12-08T19:34:12","modified_gmt":"2022-12-09T03:34:12","slug":"ta-realty-pays-134m-for-2-inland-empire-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ta-realty-pays-134m-for-2-inland-empire-assets\/","title":{"rendered":"TA Realty Pays $134M for 2 Inland Empire Assets"},"content":{"rendered":"<div id=\"attachment_1004604482\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004604482\" data-attachment-id=\"1004604482\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-pays-134m-for-2-inland-empire-assets\/inland-empire-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/inland-empire-e1664313467407.jpg\" data-orig-size=\"800,620\" 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;\\u00a9 Yardi Systems, Inc.&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=\"120 Puente Ave.\" data-image-description=\"&lt;p&gt;120 Puente Ave.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;120 Puente Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/inland-empire-e1664313467407.jpg?w=800\" class=\"size-medium wp-image-1004604482\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/inland-empire-e1664313467407.jpg?w=300\" alt=\"120 Puente Ave.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/inland-empire-e1664313467407.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/inland-empire-e1664313467407.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/inland-empire-e1664313467407.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004604482\" class=\"wp-caption-text\">120 Puente Ave.<\/p><\/div>\n<p><strong>TA Realty<\/strong> has purchased two Inland Empire industrial facilities for $133.5 million from <strong>JCS Properties<\/strong>. The firm paid $92 million for a 253,670-square-foot complex in City of Industry, Calif., and $41.5 million for a 140,276-square-foot warehouse in Corona, Calif. <strong>Stream Realty Partners<\/strong> represented the buyer in the off-market transaction.<\/p>\n<p>The deal immediately follows TA\u2019s $90.5 million acquisition of <a href=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-pays-91m-for-bay-area-industrial-park\/\">Green Valley Corporate Park<\/a>, a 415,107-square-foot industrial campus in Fairfield, Calif. Another recent high-profile transaction in the area was <a href=\"https:\/\/www.commercialsearch.com\/news\/winsford-corp-sells-inland-empire-industrial-asset-for-56m\/\">Winsford Corp.\u2019s sale<\/a> of a 106,088-square-foot warehouse in Ontario, Calif., also brokered by Stream.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-markets-for-industrial-construction-activity\/\">Top 5 Markets for Industrial Construction Activity<\/a><\/p>\n<hr>\n<p>Completed in 1988 at 451 N. Cota St., the Corona warehouse has 11 dock doors and three drive-in loading bays. The property was 43 percent leased at the time of sale. JCS had purchased the building in 2021 for $30.2 million, CommercialEdge data shows.<\/p>\n<p>The City of Industry facility came online in 1998 at 120 Puente Ave., featuring a mix of warehousing, cold storage and office space. The property features 140- to 220-foot truck courts and an employee training center, as well as a full on-site kitchen and bar area. Classic Beverage of Southern California is the building&#8217;s sole tenant, according to CommercialEdge data.<\/p>\n<p>Both buildings are adjacent to the Riverside Freeway, giving them quick shipping, logistics and transit access to Los Angeles and the Port of Long Beach.<\/p>\n<p>The Stream brokerage team was led by Senior Vice Presidents Stefan Pastor and Brad Yates.<\/p>\n<h2>The Inland Empire, king of industrial<\/h2>\n<p>The Inland Empire remains both a regional and nationally-ranked <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-faces-supply-chain-challenges\/\">industrial powerhouse<\/a>, posting the nation\u2019s lowest vacancy rate of 0.9 percent, with some 36 million square feet of space in its construction pipeline and a year-to-date transaction volume of $3.2 billion as of August, according to a CommercialEdge report. Due to its location and clientele, the region is also the most expensive for industrial investment and leasing in the U.S., with the per-square-foot sale price clocking in at $336.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JCS Properties sold the facilities in an off-market transaction.<\/p>\n","protected":false},"author":3012,"featured_media":1004604482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,22251,21748,34027,21742,15],"tags":[51710,33358,32822],"class_list":["post-1004604483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-in-focus","category-industrial","category-inland-empire","category-latest","category-west","tag-jcs-properties","tag-stream-realty-partners","tag-ta-realty"],"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>TA Realty Pays $134M for 2 Inland Empire Assets - CPE<\/title>\n<meta name=\"description\" content=\"TA Realty purchased two Inland Empire Industrial buildings from JCS Properties. 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