A major manufacturer of herbal extracts is the new owner of a 130,925-square-foot warehouse in Brea. China-based Jiaherb Inc. paid $54 million, or $410 per square foot, for a recently built warehouse at 2929 E. Imperial Highway in Brea — about a mile from Beckman Coulter Diagnostics’ local headquarters. The herbal extracts company, an owner-occupier […]
An Orange County commercial real estate company is dipping into neighboring Riverside County to build a massive industrial campus. Newport Beach-based Western Realco told the Business Journal that it has received entitlements to develop a five-building, 710,000-square-foot industrial park on 49.31 acres off Green River Drive in Corona, the first exit off the Riverside (91) […]
New York Life Insurance Co. has acquired a 218,648-square-foot distribution facility in Brea for $92 million, according to Newmark Group Inc. and CoStar data. The seller was Boston-based AEW Capital Management. The sale closed on Jan. 25 with the property changing hands for at $421.22 per square foot, according to CoStar. The property, known as […]
Upon completing the development of a 582,772 square foot industrial building in Riverside on behalf of Alessandro Partners, LLC., Western Realco has solidified a more than 10-year lease with Ascena Retail Group, Inc. (ASNA). The building, located at 7295 San Gorgonio Drive, will be the retail group’s first West Coast distribution center. Ascena will take […]
