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Sign in Sign up for a FREE subscriptionCPREIF buys three-building industrial portfolio in the Inland Empire West area
Clarion Partners Real Estate Income Fund (CPREIF) has strategically added to its property holdings with the acquisition of three 100 percent leased warehouse and distribution buildings totaling 109,644 square feet in Chino, Calif., within the Inland Empire West submarket.
The Chino micro-market is a highly desirable location within the Inland Empire West, with excellent freeway access and lower transportation costs than many other Inland Empire micro-markets. The properties are within 10 miles of SR 71, SR 60 and Interstate 10, all of which provide connectivity to the major infrastructure of Southern California. The properties also sit 10 miles west of Ontario International Airport and about 50 miles from the ports of Los Angeles and Long Beach, the two highest-volume container ports in the United States.
“Demand for well-priced, well-maintained industrial assets in the Inland Empire remains strong, and small-bay buildings such as the ones in this portfolio fill a cr
