Harvill Logistics Center is fully leased to a global health care company
MDH Partners today announces the acquisition of Harvill Logistics Center, a 333,570-square-foot, Class-A industrial building, located in Riverside, California. The facility is fully leased by a global health care company. MDH Partners’ Managing Director Georga Rowe and Vice President of Acquisitions Houston Hawley sourced the deal and led the acquisition process.
“The building’s location, superior quality and state-of-the-art improvements made Harvill Logistics Center an ideal facility for the tenant’s operations,” said Rowe. “We expect the Inland Empire to remain resilient against economic volatility, and we will continue to seek high-demand assets across markets that demonstrate strong fundamentals and durability.”
Situated on 16.9 acres within the Inland Empire industrial market, Harvill Logistics Center was completed in 2021 by Rockefeller Group. The facility offers excellent access to the I-215 Freeway via Harvill Avenue and Cajalco Expressway. Harvill Logistics Center features clear heights of 36 feet, an ESFR sprinkler system and 64 trailer parking stalls.
According to JLL, the Inland Empire saw steady leasing rates in the first quarter of the year with a notable distinction made across different class segments. Class-A products were priced 12% higher than Class-B. In addition, Class-A absorption significantly outperformed Class-B product.
Harvill Logistics Center increases MDH Partners’ California footprint to more than 460,000 square feet. In October 2021, MDH Partners acquired two leased industrial business parks in Riverside – MS Northgate and MS Van Buren I – totaling 210,657 square feet. MDH Partners has remained active this year, acquiring nearly five million square feet of industrial assets throughout the U.S. since January. The firm recently expanded its portfolio into new markets including California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania, and currently owns more than 101 assets across 20 states.
About MDH Partners
MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $6 billion (80 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit www.mdhpartners.com.
