Praedium sells SoCal business park
Relinquishes 13-acre spread to ProLogis
By Inman News, Thursday, February 19, 2004.Inman News®
The Praedium Group LLC, a New York City-based national real estate investment company, sold the 257,400-square-foot Arrow Business Park in Rancho Cucamonga, Calif.
The value of the transaction was approximately $12.3 million.
The property comprises two large warehouse/distribution properties located at 9000-9100 Ninth Street and situated on 13 acres.
Aurora, Colo.-based ProLogis was the buyer.
At the time of sale, the property was 100 percent occupied.
Pat Scruggs and Gary Stache of CB Richard Ellis represented both the seller and the buyer.
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