Institutional quality Class A industrial facility trades in the Inland Empire

LOS ANGELES, May 3, 2024 – JLL Capital Markets announced today that it arranged the sale of 4982 Hallmark Pkwy totaling 340,080 square feet in the Inland Empire.

JLL represented the seller, Bixby Land Company and a global investment manager, and procured the buyer, Dalfen Industrial.

The Class A property was built in 2018 and is fully leased to two tenants. Key features include 32-foot clear heights, ESFR sprinklers, 47 dock-high doors and two grade level doors.

The asset is located in the ultra-core Inland Empire, the most sought after institutional industrial market nationally. It has strategic access to major transportation corridors and critical distribution and logistics hubs. It boasts access to all points throughout the Inland Empire and greater southwestern U.S. via the I-215, I-15, CA-210, I-10 and other nearby freeways in Southern California’s extensive freeway system. The Port of Los Angeles and Port of Long Beach are approximately 77 miles from the property in addition to multiple railway access points within 70 miles from the asset.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Mark Detmer and Patrick Nally, Managing Director Ryan Sitov and Senior Director Evan Moran. The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Kevin Mackenzie and Senior Managing Director Brian Torp. The Inland Empire Markets Team was led by Executive Managing Directors Mike McCrary, Patrick Wood and Senior Managing Directors Ruben Goodsell and Jeff Bellitti.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

Bixby Land Company is a privately held real estate investment trust that is a leading commercial real estate owner, operator and investment manager with $1.3 billion of assets under management. Bixby owns and operates a portfolio of industrial and office properties throughout the United States that totals 9.3 million square feet. The company was founded in 1896 and is based in Newport Beach, California. Additional information about the company can be found at bixbyland.com.

Dalfen Industrial is one of the nation’s largest buyers of industrial real estate and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen currently owns and operates millions of square feet of premier industrial properties throughout the United States.