Eastvale Industrial Site Changes Hands

EASTVALE, CA—CBRE Group has completed the sale of a 53-acre fully entitled industrial development site here, called The Campus, to Orbis Real Estate Partners and Chase Partners.

Eleanor Roosevelt High School, Eastvale

CBRE’s Barbara Emmons, Darla Longo, Brett Hartzell, and Michael Kendall, the firm’s National Partners-West Coast Team, represented the seller, Preeminent Investment Corp. The new owners will be developing a 10-building, 715,000 square-foot industrial project valued at more than $100 million. The project will be built in one phase with construction starting immediately. More than 50% of the space is already spoken for by various tenants and users CBRE is handling the leasing and sales for The Campus.