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BlackRock sells Inland Empire warehouse to Burlington for $140 million gain

Summary by The Business Journals
Located in Riverside, the warehouse was built in 2019 with a 40-foot clear height and 220 dock doors.

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BlackRock sells Inland Empire warehouse to Burlington for $140 million gain

Located in Riverside, the warehouse was built in 2019 with a 40-foot clear height and 220 dock doors.

·United States
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Connect CREConnect CRE

Burlington Pays $257M for Riverside Warehouse It Occupies

Colliers arranged the sale of an 889,445-square-foot industrial warehouse at 21600 Cactus Ave. in Riverside. Burlington Distribution, the sole tenant since the property’s construction, has acquired the asset from the Seller, BlackRock, for $257,049,605. Vice chairs Mark Zorn and Cory Whitman led the disposition process on behalf of the buyer. CBRE represented the seller, BlackRock. “Burlington’s commitment to this location is a testament to the …

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Commercial ObserverCommercial Observer

Burlington Buys Its SoCal Warehouse from BlackRock for $257M

With more big industrial real estate tenants looking to own the spaces they use, a prominent off-price retailer put down a quarter of a billion dollars for one of its distribution centers in Southern California as its business grows. Burlington, formerly known as Burlington Coat Factory, paid more than $257 million to acquire an 889,445-square-foot industrial warehouse from the world’s biggest asset manager, BlackRock. Burlington has been the so…

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REBusinessOnlineREBusinessOnline

Burlington Distribution Buys 889,445 SF Warehouse in Riverside, California from BlackRock for $257M

RIVERSIDE, CALIF. — Burlington Distribution has purchased an industrial warehouse located at 21600 Cactus Ave. in Riverside from BlackRock for $257 million. Mark Zorn and Cory Whitman of Colliers represented the buyer, while CBRE represented the seller in the deal. Constructed in 2019, the 889,445-square-foot warehouse features a clear height of 40 feet and 220 dock doors. Burlington has been the sole tenant since the asset’s construction. Burli…

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REBusinessOnline broke the news in on Thursday, April 3, 2025.
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