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52-Acre Industrial Site Fetches $19M

LOS ANGELES-Kearny Real Estate Co. purchases a large industrial site in the Moreno Valley with plans to build a 1.1 million-square-foot warehouse and distribution cross-dock building.

By Kelsi Maree Borland | Updated on December 04, 2013

LOS ANGELES-Kearny Real Estate Co. has acquired a 52-acre industrial site in Moreno Valley for $19.4 million. The company plans to entitle and develop a 1.1-million-square-foot warehouse and distribution cross-dock building on the site with 256 high dock doors and 36-foot clear heights.

“We feel that our building will be the best in the market when completed,” says Jason Rosin, Kearny Real Estate VP. “The 256 loading docks amount to one dock door for every 4,334 square feet, which is 20% better than the average building in the market, adding greater efficiency for users. In addition, the site benefits from access on all four sides of the building and provides ideal truck circulation and queuing, both important site plan elements.”

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