Alere Property Group acquires Freeway Business Center

Alere Property Group, a developer and investor of industrial real estate in Southern California, has acquired Freeway Business Center, a new 100 percent–leased core asset along a major logistics thoroughfare in Riverside, Calif. A sales price was not disclosed.

Completed in 2021, Freeway Business Center offers modern features and complements Alere’s established portfolio of more than 20 million square feet of industrial real estate in the Inland Empire West and East submarkets. The class A asset lies along Interstate 215, offering significant visibility and accessibility in one of the nation’s most sought-after industrial real estate and logistics submarkets.

The property consists of a 709,000-square-foot single-tenant building featuring 36-foot clear height, 8,400 square feet of office space, ESFR and drive-around access.

The property is leased to UNIS, a national third-party logistics provider, through August 2028.