JV Sheds 667,024-SF Industrial Project

SAN BERNARDINO, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that a partnership between Behringer Harvard and CT Realty Investors have sold the Interchange Business Center. The industrial development within the Inland Empire industrial market consists of three buildings and provides 667,024 square feet of industrial space situated on a 34-acre site.

The buyer is one of the largest privately held real estate advisors in the US. Carter Ewing, executive vice president for CT Realty Investors, tells GlobeSt.com that the purchase price for the three-building property was $40.4 million. Both the buyer and the seller were represented by Peter McWilliams, Michael McCrary, Ruben Goodsell and Nicole Page with Jones Lang LaSalle‘s Ontario office.