GLP Capital Partners is acquiring a SoCal warehouse from Clarion Partners for $158M, which is more than three times what Clarion paid when it bought the property in 2016.
The 580K SF distribution center, located on a 28-acre site at 3900 Indian Avenue in the heart of the Inland Empire in Perris, is fully leased to third-party logistics player Kenco Group.
The industrial facility at the Perris Gateway Commerce Center, at the southwest corner of North Perris Boulevard and Ramona Expressway, is adjacent to a 397L SF warehouse that also is operated by the 3PL company.
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