IE Business Daily Business news for the Inland Empire.
A real estate investment and management firm has purchased 921,700 square feet of industrial properties in the Inland Empire.
Ocean West Capital Partners in El Segundo spent an undisclosed sum on four warehouse distribution projects in San Bernardino and Fontana, according to a statement released by the company.
The properties, which combined cover 21 acres, were built earlier this year. Their locations, and information regarding the seller, were not disclosed.
“The Inland Empire is one of the most sought-after [industrial] markets given the limited available supply and proximity to major logistics users and the ports of Los Angeles and Long Beach,” says Ryan Tucker, principal at Ocean West, in the statement. “The acquisition of this portfolio aligns with Ocean West’s belief in the long-term growth fundamentals of the industrial sector.”
