Mountain View Industrial Center Sold
5 Dec, 2011, Irvine, Calif.
Cushman & Wakefield today announced the sale of Mountain View Industrial Center, a 327,084 square foot Class A warehouse/distribution project located in Redlands, CA. Executive Director Jeffrey Cole and Executive Director Jeff Chiate of Cushman & Wakefield's Capital Markets Group led the transaction team, representing Canyon Capital Realty Advisors in the sale to Industrial Income Trust.
Cole said, "Industrial Income Trust understood that Mountain View Industrial Center's newer, state-of-the-art industrial buildings would be able to attract discriminating users needing high clearance, ESFR and spacious yards well into the future."
Brokerage team members included: Cole, Chiate, Michael Ma, David Hasbrouck, Ed Hernandez and Phil Lombardo of Cushman & Wakefield, representing Canyon Capital Realty Advisors.
Canyon Capital Realty Advisors LLC and its affiliate Canyon Capital Advisors LLC are registered investment advisors and money management firms based in Los Angeles, California, with approximately $20 billion of capital under management. Canyon's real estate investment activities focus on providing debt and equity capital to real estate owners, operators, developers, corporations and entrepreneurs, enabling them to participate in transactions that would have traditionally eluded them due to capital constraints.
Industrial Income Trust (IIT) is a non-traded real estate investment trust (REIT) that acquires and operates high-quality distribution warehouses and other industrial properties that are leased to creditworthy corporate customers.