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In a major Inland Empire industrial acquisition, Burlington Distribution has acquired an 889.5k sf warehouse in Riverside for $257 mil ($289/sf). The asset, located at 21600 Cactus Ave, was sold by BlackRock.
Constructed in 2019, the warehouse features a 40' clear height and 220 dock doors ideal for Burlington’s distribution operations. Burlington has been the sole tenant since the asset’s construction.