JLL Capital Markets arranged the sale of 11119 Juniper Ave., a newly constructed Class A distribution center in Fontana, on behalf of REDA and a commingled fund managed by Clarion Partners. The buyer and sale price were not disclosed. The 436,424-square-foot building is leased long-term to Cencora, formerly AmerisourceBergen Drug Corporation.
The JLL Investment Advisory team was led by senior managing director Patrick Nally, director Makenna Peter and senior director Evan Moran. The JLL Markets leasing team included managing director Cody Clayton and vice chairman Patrick Wood. JLL’s Debt Advisory team, which financed the acquisition on behalf of the buyer, is comprised of senior managing director Bruce Ganong, senior director Peter Thompson and director Taylor Gimian.
The sale represents the culmination of JLL’s long-term involvement on the project. JLL’s Inland Empire Markets leasing team orchestrated the initial land sale to REDA and its capital partner, who subsequently navigated through a difficult entitlement process. The JLL leasing team secured Cencora as the primary tenant, and in the final phase of the project, the JLL Capital Markets team executed the sale.
​Â
