Colliers Closes Fontana Industrial Sale for Transwestern Development

Colliers completed the $76.8-million sale of a newly constructed Inland Empire West Industrial asset, Almeria Logistics Center. Cabot Properties acquired the 236,129-square-foot property located at 8300 Almeria Ave. in Fontana from seller and developer Transwestern Development Company. It’s fully leased through 2027 to LC Logistics Services.

Colliers’ West Industrial Capital Markets Team, comprised of vice chair Michael Kendall, SVP Gian Bruno, VP Kenny Patricia and associate Kylie Jones, in partnership with vice chairs Thomas Taylor and Steve Bellitti and EVPs Joey Jones and Scott Sanders, marketed the property and led the disposition and acquisition process.

“Even through current market turbulence, Almeria Logistics Center generated a high volume of demand from institutional capital, which is a testament to the strong conviction of Cabot and many of their peers in Southern California’s industrial market over the long term,” said Kendall. “Due to the quality product, location, and tenancy, interest was high, and we’re thrilled with the outcome.”