SAN BERNARDINO, CA—Colliers International has completed the $34.4 million purchase of a newly-constructed 592,710-square-foot logistics facility in San Bernardino to Alere Property Group of Newport Beach.

Colliers senior executive vice president Kevin McKenna represented Alere in the transaction and also was appointed the exclusive leasing broker for the 701 S. Arrowhead Ave. property. He will be joined on the listing by CBRE's Walt Arrington and Jeff Linden.

According to McKenna, demand for buildings in this size range—500,000 square feet and up—has surged during the economic recovery, especially among e-commerce companies and retailers who have witnessed unprecedented growth in online purchasing. Amazon, among other e-commerce and major national retailers, recently occupied a major distribution center along the same corridor where the building is located.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.