About the development
Rockefeller Group acquired approximately 30 acres of property in Riverside County, Calif. in 2020 for the development of 623,109 square feet of Class “A” industrial distribution space. Harvill Avenue Logistics Center is located on 16.86 acres and will include a 333,572 square foot speculative distribution building. Along with its sister project, Val Verde Logistics Center, this project began construction in October 2020 with completion in 2021.
In September 2021, Rockefeller Group sold Harvill Logistics Center for $57.5 million. The new building was acquired by CH/BDG Harvill, LLC, a joint venture partnership between CH Realty Partners LLC and Blumenfeld Development Group.
“The Inland Empire market continues to show strong demand heading into the third quarter of 2021 as evidenced by our sale of Harvill to a joint venture of CH Realty and Blumenfeld,” said James V. Camp, Senior Managing Director, West Region, for Rockefeller Group. “We received multiple offers on the property and are pleased that the joint venture has closed escrow on the purchase of the building.”
“CH Realty Partners and Blumenfeld Development are very pleased to have the opportunity to invest in the Inland Empire with Harvill Logistics Center,” said Philip Cyburt, Principal, CH Realty Partners LLC.
“This deal represents a collaborative effort by all parties, one that not only reveals our respective successes in the marketplace but one that reflects the mutual respect buyer and seller has enjoyed throughout this process,” said David Blumenfeld, a Principal of the Blumenfeld Development Group. “With this deal now closed, we can begin positioning the building to enable it to create jobs, benefit the local economy and spur additional investment.”
0ACROSS 2 INLAND EMPIRE DEVELOPMENTS
- Excellent Access to I-215 Freeway via Harvill Ave. and Cajalco Expy.
- +/- 7,976 SF Class A Two-Story Office
- 36’ Clear Height @ First Column
- ESFR Sprinkler System
- 64 Trailer Parking Stalls
- 186’-196’ Concrete Truck Yard