BREA, CA—Clarion Partners and Pacific Industrial have partnered on the acquisition of 17.66 acres in Brea, to develop a 367,194 square foot class A logistics and distribution facility.
The property is located at 1225 West Imperial Highway. The Imperial Distribution Center will feature 36-foot minimum clearance, 55 dock high doors, 100% concrete truck court, 3% skylight coverage and 4,976 square feet of high image, 2-story office space.
Located in one of Southern California's most sought-after submarkets, North Orange County, this industrial development will benefit from easy access to the Ports of Los Angeles and Long Beach, as well as major interstate freeways. Currently, the submarket boasts a vacancy rate of 3.4%, its lowest level since the first quarter of 2008.
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.
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.
