Inland Empire

Fontana is seeing strong job growth, which has in turn driven population growth that will need retail amenities.

The board approved a budget for the expansion not to exceed $300 million.

The Inland Empire has seen substantial residential growth this year, and it is now fueling retail leasing activity.

The continued expansion of e-commerce has prompted unprecedented demand for US logistics space but also for investors looking to place capital, Transwestern says in this <b>EXCLUSIVE</b>.

GlobeSt.com <b>EXCLUSIVELY</b> learns that Ferguson Enterprises purchased a 1.04-million-square-foot building at Optimus Logistics Center and 4F Capital purchased an 81,286-square-foot building at Tri-City Industrial Complex.

The property was part of a multi-property acquisition strategy, across multiple states, to fulfill the buyer's 1031 exchange requirement, Hanley Investment Group Real Estate Advisors states.

The asset sold for $272,569 per unit.

The 16 industrial and warehouse properties that comprise the industrial portfolio collectively total nearly 3 million square feet across Washington, Nevada, California and Arizona in seven markets.