Westcore Properties headquartered in San Diego has sold a Riverside air cargo and industrial property for an undisclosed price.
The 277,270 square-foot March Air Logistics Center at the March Inland Port, formerly March Air Force Base, was sold to Crow Holdings Industrial of Dallas.
Designated a Foreign Trade Zone, the property at 17101 Heacock St., has direct runway access to March Inland Port and a million square feet of ramp area for aircraft taxiway and parking. It also has extensive trailer parking.
The building includes cross-dock loading, clear height of 31 feet to 33 feet, 112 dock high-loading doors and an 8,000-amp electrical panel.
“It’s a tremendously unique property with enough space to park eight Boeing 747-400 aircraft,” said Hack Adams, senior vice president at Westcore.
Crow Holdings also will have the option of expanding at the north and south ends of the building.
“The March Inland Port is home to one of the most sustainable and progressive business centers within California,” said Lauren Suazo, Westcore director of leasing. “Its airport fees for aviation operations and service vendors are some of the lowest in Southern California, which will be a strong draw for tenants.
Jim Koenig, David Consani and Katrin Gist of CBRE represented Westcore in the transaction.
Crow Holdings represented itself.