Transwestern Investment Group sells warehouse in Inland Empire
Transwestern Investment Group (TIG) has sold the Interstate 215 Commerce Center, a 225,353-square-foot industrial building at 1648 Ashley Way in Colton, Calif.
Situated in the popular Inland Empire East submarket, the property was 100 percent leased at the time of sale to an investor advised by New York City–based Zurich Alternative Asset Management (ZAAM).
“Located in one of the most active industrial markets in the United States, I-215 Commerce Center was positioned to meet TIG’s investment objectives due to its flexible building design and the unwavering strength of the region’s leasing and capital markets activity,” said Ryan Grable, vice president at TIG. “High leasing volumes in the Inland Empire, coupled with rising replacement cost, created the optimal conditions for TIG to sell the asset and will provide Zurich Alternative Asset Management the opportunity for long-term cash flow.”
Delivered in 2021 by Transwestern Development Co., I-215 Co