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Industrial real estate market

Perris logistics facility sells

Harvill Business Center, a logistics facility in Perris, has been sold.

The 423,665-square-foot operation at 20123 Harvill Ave. was sold to Black Creek Group, a Denver-based real estate investment management firm, according to a statement released today.

Core5 Industrial Partners in Atlanta, a developer of industrial properties, was the seller. Both parties were represented by Lee & Associates.

Cost of the structure, which was completed in early 2020, was not disclosed.

“Demand for industrial space is being felt across the country, especially in the Inland Empire,” said Gregg Boehm, managing director, market officer at Black Creek Group, in the statement. “This acquisition represents the well-located, Class A space that the firm is committed to owning.

The building, next to Interstate 215 and near the 60 Freeway, is fully leased to American Standard a leading plumbing and building products manufacturer.

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