Elion Partners has acquired a 110,663-square-foot last-mile industrial distribution asset located at 1111 Pioneer Way in El Cajon, Calif., a submarket 15 miles east of central San Diego.
The $16.3 million acquisition marks the firm’s official entry into the West Coast real estate market. The firm announced its expansion to the West Coast in April with the addition of James Lambert as its senior managing director of industrial investments. Lambert joined the firm from Amazon Logistics and is heading its acquisitions in the region.
“The supply-constrained nature of El Cajon, along with the close proximity to roof tops and the building’s attributes, lends itself well to our last-mile investment strategy,” said Lambert. “We look forward to continuing the expansion of Elion’s logistics portfolio across the West Coast.”
Elion’s investment vehicles hold an existing portfolio of last-mile logistics real estate. The firm plans to continue to pursue an inv
