Magnolia Tyler Center in Riverside has been sold to Merlone Geier Partners for $39.4 million, according to JLL. Jeff Chiate, Jeffrey Cole, Mike Adey, Ed Hernandez and Brad Brandenberg in the Orange County office of Cushman & Wakefield’s National Industrial Advisory Group, marketed the property nationally on behalf of the seller.īill Heim, Alex Heim, and Nesha Richie, with Lee and Associates sourced the land for Dedeaux Properties, brought Manhattan Buyer, and acted as local marketing team for Cushman and Wakefield. That facility serves as the Western distribution hub for the NYC-based furniture manufacturer. was pre-sold to Manhattan Comfort, an owner-user. The adjacent 80,954-square-foot building at 501 Alabama St. The two-building 155,000-square-foot development was completed in March 2021. is one of two distribution facilities that make up Dedeaux Properties’ Business Park Redlands.ĭedeaux acquired the nearly 8-acre site in 2018 and subdivided it into two lots. The sale was a joint venture between Dedeaux Properties and Brasa Capital Management.
