Lee & Associates, representing both the buyer and seller, recently negotiated the sale of Phelan Logistics Center, a newly built 290,650 sq. ft. Class-A industrial building in Fontana, Calif. While the exact terms of the
Bally Development purchased the 12-acre property, which will house the primary distribution center on the West Coast for Maxzone Auto Parts. The building presented a great opportunity for their client to find a building to purchase in the Western Inland Empire, according to Joe Lin and Jeff Smith, who represented the buyer out of
Bill Heim and Eloy Covarrubias, out of the same office, represented Catawba JP/DF, the seller. Prior to completion of
“This was one of those transactions where all the planets lined up perfectly. It was the perfect fit for Bally,” said Heim, noting that Maxzone plans to occupy the space by Sept.1, 2009.