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Heitman Buys Perris Circle Industrial Park Bldg

JV Sells 475,000-SF Facility for $52.3M
December 28, 2017
Circle Industrial and PRG Investment and Management, Inc. sold the newly-developed industrial building at 290 W. Markham St. in Perris, CA for approximately $52.28 million, or $110 per square foot, to an affiliate of Heitman LLC.

Located in the Perris Circle Industrial Park, the single-story building sits on 24.3 acres in Riverside County. The asset is fully leased to TechStyle, an e-commerce fashion company. The 474,235 square foot building was completed in 2016 and features 112 dock doors, 153 trailer stalls, 36-foot clear heights and freeway access.

Anthony Brent and Ryan Martin with HFF brokered the sale on behalf of the buyer and the seller.

Please see CoStar COMPS #4078077 for more information on this transaction.
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