{"id":1004720989,"date":"2024-07-12T07:57:01","date_gmt":"2024-07-12T15:57:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004720989"},"modified":"2024-07-12T07:57:03","modified_gmt":"2024-07-12T15:57:03","slug":"bixby-jv-sells-inland-empire-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/","title":{"rendered":"Bixby JV Sells Inland Empire Industrial Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004720991\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/19949-kendall-dr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\" data-orig-size=\"1000,750\" 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=\"19949 Kendall Dr.\" data-image-description=\"&lt;p&gt;The one-story 19949 Kendall Dr. sits on some five acres. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The one-story 19949 Kendall Dr. sits on some five acres. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\" alt=\"19949 Kendall Dr.\" class=\"wp-image-1004720991\" style=\"aspect-ratio:4\/3;object-fit:cover;width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The one-story building at 19949 Kendall Drive. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Overton Moore Properties has purchased 19949 Kendall Drive, a 104,500-square-foot industrial property in San Bernardino, Calif. A joint venture between Bixby Land Co. and a global investment manager sold the Class A facility that was fully leased at the time of closing. JLL represented the seller and procured the buyer.<\/p>\n\n\n\n<p>The joint venture had acquired 19949 Kendall Drive in a four-building, Class A portfolio transaction totaling 982,493 square feet. A $48.9 million loan from HFF had financed the purchase.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/the-inland-empires-industrial-strength-doesnt-wane\/\">The Inland Empire\u2019s Industrial Strength Doesn\u2019t Wane<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Completed in 2008, the facility features 30-foot clear heights, 15 dock-high doors, four grade-level doors, an ESFR sprinkler system and a fully secured 140-foot truck court with multiple points of access. The property also includes 3,000 square feet of office on the mezzanine level, a 1,530-square-foot showroom and approximately 100 parking spaces.<\/p>\n\n\n\n<p>Situated within Inland Empire\u2019s Fontana submarket, the facility is near Interstate 215, which leads directly to downtown San Bernardino. The location provides access across Southern California\u2019s major transportation corridors and critical distribution and logistics hubs. <\/p>\n\n\n\n<p>The property is also 2 miles from Hallmark Distribution Center, a <a href=\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-buys-340-ksf-inland-empire-asset\/\">340,080-square-foot industrial facility<\/a> that Bixby Land sold in May. Dalfen Industrial acquired the fully occupied asset. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-inland-empire-a-leader-in-industrial-rent-growth\">The Inland Empire, a leader in industrial rent growth<\/h2>\n\n\n\n<p>The Inland Empire recorded $709 million in industrial sales year-to-date as of May, according to a recent CommercialEdge report. In one of the largest deals, <a href=\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-buys-197m-inland-empire-asset\/\">EQT Exeter paid $197 million<\/a> for Commerce Way Distribution Center, an 819,004-square-foot property in Fontana, Calif.<\/p>\n\n\n\n<p>The metro had <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-property-values-on-the-upswing\/\">the highest industrial rent growth<\/a> once again, with in-place rents increasing 12.6 percent over the last 12 months. New leases were signed at $13.75 per square foot, $3.56 above in-place rents.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property was fully leased at the time of closing.<\/p>\n","protected":false},"author":3014,"featured_media":1004720991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,34027,21783,21742,15],"tags":[33158,32796,36549],"class_list":["post-1004720989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-bixby-land-company","tag-jll","tag-overton-moore-properties"],"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>Bixby JV Sells Inland Empire Industrial Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Overton Moore Properties has purchased an industrial property at 19949 Kendall Drive in San Bernardino, Calif., from Bixby Land Co.\" \/>\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\/bixby-jv-sells-inland-empire-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bixby JV Sells Inland Empire Industrial Facility\" \/>\n<meta property=\"og:description\" content=\"Overton Moore Properties has purchased an industrial property at 19949 Kendall Drive in San Bernardino, Calif., from Bixby Land Co.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/\" \/>\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=\"2024-07-12T15:57:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-12T15:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/bixby-jv-sells-inland-empire-industrial-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/\",\"name\":\"Bixby JV Sells Inland Empire Industrial Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\",\"datePublished\":\"2024-07-12T15:57:01+00:00\",\"dateModified\":\"2024-07-12T15:57:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Overton Moore Properties has purchased an industrial property at 19949 Kendall Drive in San Bernardino, Calif., from Bixby Land Co.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg\",\"width\":1000,\"height\":750,\"caption\":\"The one-story 19949 Kendall Dr. sits on some five acres. Image courtesy of CommercialEdge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bixby JV Sells Inland Empire Industrial Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bixby JV Sells Inland Empire Industrial Facility - Commercial Property Executive","description":"Overton Moore Properties has purchased an industrial property at 19949 Kendall Drive in San Bernardino, Calif., from Bixby Land Co.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/","og_locale":"en_US","og_type":"article","og_title":"Bixby JV Sells Inland Empire Industrial Facility","og_description":"Overton Moore Properties has purchased an industrial property at 19949 Kendall Drive in San Bernardino, Calif., from Bixby Land Co.","og_url":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-07-12T15:57:01+00:00","article_modified_time":"2024-07-12T15:57:03+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/","name":"Bixby JV Sells Inland Empire Industrial Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg","datePublished":"2024-07-12T15:57:01+00:00","dateModified":"2024-07-12T15:57:03+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Overton Moore Properties has purchased an industrial property at 19949 Kendall Drive in San Bernardino, Calif., from Bixby Land Co.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg","width":1000,"height":750,"caption":"The one-story 19949 Kendall Dr. sits on some five acres. Image courtesy of CommercialEdge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/bixby-jv-sells-inland-empire-industrial-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Bixby JV Sells Inland Empire Industrial Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/19949-Kendall-Dr-e1720784298235.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004720989"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720989\/revisions"}],"predecessor-version":[{"id":1004721050,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004720989\/revisions\/1004721050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004720991"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004720989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004720989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004720989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}