IE Business Daily Business news for the Inland Empire.
A Los Angeles real estate investment and development firm has purchased 11 industrial buildings in Upland.
Dunleer LLC paid $8 million for the structures at 928, 1004 and 1024 9th Street, which are less than a quarter of a mile from Interstate 10 and near Ontario International Airport, according to a statement released today.
The seller’s name was not released. Daum Commercial represented both parties in the negotiations.
The buildings are considered infill properties, meaning they’re on leftover parcels after an area has undergone major development.
“We believe that by taking a long-term view, we can help mitigate any short-term economic headwinds,” said BJ Turner, Dunleer founder, in the statement. “Ultimately, supply and demand dynamics will be favorable for infill Southern California industrial real estate.”
