Real Estate

Crow Holdings Pockets $320M For Inland Empire Portfolio

by cpexecutive.com posted 5months ago 18 views
The assets are located across the Moreno Valley, San Bernardino and Rialto submarkets. : Crow Holdings has agreed to sell five industrial properties totaling nearly 2 million square feet in the Inland Empire for $320 million. The California State Teachers’ Retirement System (CalSTRS) is the buyer of the 11-building portfolio—which, according to CommercialEdge data, represents more than 65 percent of Crow Holdings’ entire Inland Empire industrial footprint. The transaction is expected to close next month and was completed through the seller’s investment management company. The properties are located across the Moreno Valley, San Bernardino and Rialto submarkets.

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