5M Warehousing Deal In Corona Showcases Industry's IE Focus
The sprawling Corona Lakeside Logistics Center was sold to GLP Capital Partners, a privately owned company incorporated in Singapore. RIVERSIDE CO...
The sprawling Corona Lakeside Logistics Center was sold to GLP Capital Partners, a privately owned company incorporated in Singapore. RIVERSIDE COUNTY, CA — Just how profitable are those giant warehouses being built all over the Inland Empire? Well, the recent sale of a massive Riverside County logistics is being touted as "the largest ground-lease ownership transfer in the history of the Inland Empire and one of the largest ever in Southern California." On May 1, Seattle-based Colliers investment management company announced the nearly $325 million sale of Corona Lakeside Logistics Center, a 730,000-square-foot five-building industrial logistics center located at Sherborn Street and Magnolia Avenue in Corona.