Los Angeles, CA (June 2, 2015) – Circle Industrial (CI), announced today the acquisition of 31 acres of land and the upcoming development of the Perris Circle Industrial Park, a two-building development totaling 594,000 square feet in the Inland Empire submarket of Perris, California. The site, which is near Harley Knox and the I-215 freeway, provides users with convenient access to highways and a strong employee base. Both buildings are available for Lease or Sale through Mike Giuliano of Lee & Associates and will be available for occupancy Q1 2016.
“Circle Industrial is very pleased to have acquired a quality land holding in the active submarket of the Inland Empire East”, stated Pat Maloney, Principal of Circle Industrial, adding that “entitled parcels of land are difficult to secure in today’s market, enabling Circle to go vertical relatively immediately and take advantage of the positive fundamentals that exist today.”
Perris Circle Industrial Park Building #1 is a 36’ clear height, 474,000 square foot cross-dock warehouse that includes 112 dock high doors and parking for 153 trailers. Building #2 is a 32’ clear, 120,000 square foot building that includes 24 dock high doors and parking for 31 trailers.
Circle Industrial is a real estate private equity firm focused on the acquisition, development and operation of industrial properties in Southern California as well as other major US markets with high barriers to entry. Circle Industrial is led by former Prologis, Inc. (NYSE: PLD) executives Pat Maloney and Eric Omohundro, who have been working and investing together for years while at Prologis and now at Circle Industrial. www.circle-industrial.com