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GLP Capital Partners pays $325m for industrial campus in Southern California’s Inland Empire
Singapore-based GLP Capital Partners has paid $325 million to Kearney Real Estate for a 730,000-square-foot industrial campus in Corona, Calif. This marked the largest ground lease ownership transfer in the Inland Empire to date, according to various reports.
Corona Lakeside consists of five buildings ranging between 70,586 square feet and 205,235 square feet. The facilities have 32- to 36-foot clear heights and 109 dock-high loading doors.
Nearby corporates include U.S. Foods, Amazon, FedEx, Vans and Fleetwood, among others.
Kearney broke ground on the industrial campus in Riverside County in early 2021 and completed it this year. Colliers facilitated the deal.