ONTARIO, CA-GlobeSt.com exclusively learns that South West Medical Resources Holdings has purchased Grove Avenue Business Park here in Ontario, CA. The full-service medical company now has the ability to service multiple portable PET/CT trailers at once as well as having their entire operation under one roof,” explains Lee & Associates, which represented the buyer and seller.
The industrial deal changes hands for $10.35 million. The buyer was represented by Jeff Smith and Ryan Lal of Lee's Ontario office, while Kush Warehousing, the seller, was represented by Paul Earnhart, Doug Earnhart and Erik Hernandez, also of the Ontario office.
“Because of their rapid growth, SWMR was previously leasing multiple industrial units in Corona,” Lal explains. “The building gave them the dock doors and yard area they needed along with the ability to grow their business plan into the balance of the building.”
Located at 1290 Elm St. on 8.11 acres, a fully secured yard, the 140,341-square-foot property has six GL doors, 15 DH doors with load levelers, 30' clear height and T-5 energy efficient lighting. The building was built in 2005 and is minutes from the Ontario International Airport with nearby tenants including Phillips Lighting, Lithonia Lighting, Coastal Pacific Food District, Perma Cool Products, Tyco International, Act Fulfillment Center, and Fender Guitars.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
