CBRE Facilitates the Sale of Class A Industrial Facility in Fontana

CBRE National Partners’ Joe Cesta, Barbara Perrier and Eric Cox, along with Josh Hayes and Eloy Covarrubias, represented Brookfield in the sale of Slover & Elm Commerce Center in Fontana, Calif., to TA Realty for an undisclosed price.

"TA Realty seized an excellent opportunity to enhance their portfolio with a high-quality, newly constructed and strategically located property, " said Cesta, executive vice president at CBRE. "This acquisition represents a win-win for both Brookfield and TA Realty, as investors increasingly seek premium assets and acknowledge the long-term potential within the dynamic Inland Empire market."

The Class A industrial facility located at 15521 Slover Avenue totals 192,794 sq. ft. and was constructed in 2022. The building is 100% leased and features 23 dock-high doors, 32-foot clear height and a secure 182-foot truck court with ample truck and car parking.

The property is strategically located minutes from Interstate 10, Interstate 5 and the Ontario International Airport. Within 50 miles, the site has access to 14 million people, including one of the largest industrial labor pools in the country.

According to CBRE research, the Inland Empire remains the most in-demand U.S. bulk market with 44.4 million sq. ft. leased in the first three quarters of 2024, representing an 11.2% market share. The 100,000-249,999 sq. ft. building size range in the Inland Empire core realized 222,000 sq. ft. of positive absorption in Q3 2024, continuing the trend of positive absorption in this size range every quarter in 2024.