Inland Empire warehouses continue to fetch top prices in one of the nation's tightest industrial markets. The latest deal is the $90M acquisition of a 355K SF facility in Perris that is fully occupied by a 3PL firm.
GLP Capital Partners has purchased the Class A building at 251 East Rider Street from WPT Capital Advisors. The warehouse is leased to iDC Logistics, a Los Angeles-based third-party logistics company.
The transaction was brokered by a Colliers team of Michael Kendall, Gian Bruno, Kenny Patricia, Mark Zorn and Cory Whitman.
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