{"id":1004792769,"date":"2026-03-24T04:04:38","date_gmt":"2026-03-24T12:04:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004792769"},"modified":"2026-05-22T07:09:57","modified_gmt":"2026-05-22T15:09:57","slug":"exclusive-aew-buys-2-inland-empire-facilities-for-111m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/","title":{"rendered":"Exclusive: AEW Buys 2 Inland Empire Facilities for $111M"},"content":{"rendered":"\n

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AEW paid a significant premium for the 2013-built Meridian Distribution Center I over its previous sale price. Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n

AEW Capital Management has acquired a two-building industrial portfolio in the Inland Empire for $110.6 million, according to Yardi Matrix information. Scuderia Development sold the assets.<\/p>\n\n\n\n

One of the properties that changed hands is Meridian Distribution Center I, a 601,246-square-foot building in Riverside, Calif. The warehouse traded for $70.4 million, well above its previous sale price of $43.5 million sale price in October 2014.<\/p>\n\n\n\n

Located at 14600 Innovation Drive, the 2013-completed building is part of Meridian Business Park, a 1,290-acre master-planned commerce center. The facility is close to Interstate 215 and Highway 60, while downtown Riverside is within 11 miles. Port of Los Angeles is 70 miles away.<\/p>\n\n\n\n

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READ ALSO:<\/strong> What Will Define Industrial\u2019s Next Stage of Growth?<\/a><\/p>\n\n\n\n

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Meridian Distribution Center I features 95 dock-high loading doors with dock levelers and bumpers, 185- to 240-foot truck courts and a two-level office component. The facility has 32-foot maximum clear heights.<\/p>\n\n\n\n

AEW also bought the 394,538-square-foot facility at 1001 Doubleday Ave. in Ontario, Calif., for $40.2 million\u2014$102 per square foot. Its previous sale price was $32.5 million.<\/p>\n\n\n\n

Completed in 1988, the facility is about 23 miles from Meridian Distribution Center I. Ontario International Airport is within 2 miles, while downtown Los Angeles is 42 miles away. The warehouse is close to interstates 10 and 15.<\/p>\n\n\n\n

The building has 32-foot clear heights, 35 dock loadings doors and one drive-in door with levelers and bumpers. Additionally, the property features a 135-foot truck court and 10,000 square feet of office space.<\/p>\n\n\n\n

AEW’s recent industrial expansion<\/h2>\n\n\n\n

AEW Capital Management has more than $33 billion in assets under management in North America, according to its website. Last month, the company paid $83.2 million for a property in Reno<\/a>, Nev.<\/p>\n\n\n\n

At the beginning of the year, AEW purchased two buildings within Freeport Crossing in Coppell, Texas, Yardi Matrix data shows. Nuveen Real Estate sold the asset.<\/p>\n\n\n\n

Inland Empire industrial sales rank high<\/h2>\n\n\n\n

Last year, the Inland Empire ranked in the top 10 metros nationally for industrial sales, according to a Yardi Matrix report. The market saw almost $2.2 billion in assets changing hands, for an average price of $230 per square foot\u2014nearly $100 above the national figure.<\/p>\n\n\n\n

One of the most notable transactions of 2025 in the metro also comes from Scuderia Development. The company sold a 1.1 million-square-foot facility in Fontana, Calif., for $174 million. Bridge Logistics Properties purchased<\/a> the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"

The portfolio totals about 1 million square feet.<\/p>\n","protected":false},"author":3355,"featured_media":1004792770,"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":[33758],"class_list":["post-1004792769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-aew-capital-management"],"acf":[],"yoast_head":"\nExclusive: AEW Buys 2 Inland Empire Facilities for $111M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"AEW Capital Management has acquired a two-building industrial portfolio in the Inland Empire for $110.6 million, Yardi Matrix shows.\" \/>\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\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: AEW Buys 2 Inland Empire Facilities for $111M\" \/>\n<meta property=\"og:description\" content=\"AEW Capital Management has acquired a two-building industrial portfolio in the Inland Empire for $110.6 million, Yardi Matrix shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/\" \/>\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=\"2026-03-24T12:04:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-22T15:09:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Meridian-Distribution-Center-I.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/\",\"name\":\"Exclusive: AEW Buys 2 Inland Empire Facilities for $111M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Meridian-Distribution-Center-I.jpg\",\"datePublished\":\"2026-03-24T12:04:38+00:00\",\"dateModified\":\"2026-05-22T15:09:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"AEW Capital Management has acquired a two-building industrial portfolio in the Inland Empire for $110.6 million, Yardi Matrix shows.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-aew-buys-2-inland-empire-facilities-for-111m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Meridian-Distribution-Center-I.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Meridian-Distribution-Center-I.jpg\",\"width\":640,\"height\":480,\"caption\":\"Meridian Distribution Center I came online in 2013. 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