Brookfield Asset Management has acquired the newly completed 1-10 Logistics Center, a two-building, 155-acre industrial campus that is fully leased by online apparel retailer Shein, in a $329M in a deal with the joint venture that developed the campus.
Brookfield's deal with Shopoff Realty Investment and Artemis Real Estate Partners translates into $183 per SF, according to Riverside County property records.
A CBRE team brokered the deal on behalf of the buyer. The acquisition increases Brookfield's Inland Empire industrial portfolio to 16 properties.
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