$197M sale of Commerce Way Distribution Center completed in the Inland Empire

LOS ANGELES, Apr. 2, 2024 – JLL Capital Markets announced that it arranged the $197 million sale of Commerce Way Distribution Center totalling 819,004 square feet in Fontana, California.

JLL represented the seller, Manulife Investment Management on behalf of clients, and procured the buyer, EQT Exeter.

Built in 2000, Commerce Way Distribution Center features a cross-dock configuration and 30-foot clear heights. The building is located at 13423-13473 Santa Ana Ave. and strategically benefits from being in the Inland Empire, the largest industrial market nationwide with immediate access to the nation’s most critical supply chain infrastructure and Southern California’s population of over 25 million people.

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

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.

Manulife Investment Management's real estate platform provides investment solutions globally as part of its comprehensive private markets' capabilities. Its sustainably operated platform offers core, core-plus, value-add, and opportunistic strategies spanning over 74.7 million square feet of office, industrial, retail, and multifamily assets strategically across Canada, the U.S., and Asia Pacific. The real estate investment team leverages its global platform and regional market knowledge to identify opportunities and drive results for its investment clients. For additional information, please visit manulifeim.com.

EQT Exeter is a global real estate investment manager with over $29 billion of equity under management. EQT Exeter acquires, develops, leases, and manages logistics/industrial, office, life science and residential properties in Europe, the Americas and Asia. With over 440 experienced professionals operating in more than 50 offices globally, EQT Exeter owns and operates over 2,000 properties and 375 million square feet. EQT Exeter's track record comprises over $45 billion in total property gross asset value since inception, spanning over 450 million square feet globally. EQT Exeter is the real estate division of EQT AB, a purpose-driven global investment organization. More info: https://eqtexeter.com/