CBRE Global Acquires Distribution Center in Leaseback

POMONA, CA— CBRE Global Investors has acquired a 201,100-square-foot class A distribution center here from Konica Minolta Business Solutions in a net-lease deal.

The 201,100-square-foot DC here is occupied by seller Konica Minolta, who will stay with a seven-year lease.

Cushman & Wakefield completed the sale/leaseback arrangement for 1885 W. Mission Blvd. , a center located on 9.6 acres. The firm’s Irvine-based team of Jeff Chiate, Jeffrey Cole, Ed Hernandez and Phil Lombardo , along with Richard Baumstein and Marc Graham of the East Rutherford, NJ, office represented the seller, and procured the buyer. Under the terms of the transaction, Konica Minolta, a leader in content management with a focus on enterprise content, technology optimization and cloud services, will remain on-site as the full-building tenant. The company’s seven-year lease term runs through December 2022. Cushman & Wakefield’s industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2014 globally, this group completed more than 8,200 industrial lease and sale transactions, including Capital Markets transactions, totaling nearly 337 million square feet with an aggregate value in excess of $16.8 billion.