A San Diego developer that focuses on self-storage projects has bought a three-acre site in Riverside.
Frontera Real Estate bought the property on Palm Avenue for an undisclosed price from David Peery of Kingsfield Development in Riverside.
The deal was brokered on behalf of Peery by Greg Wells, managing director with Cushman & Wakefield’s Self Storage Practice Group.
The property is approved for construction of about 77,000 square feet of self-storage space.
“The Inland Empire is a market that we have specifically targeted due to the high barriers to entry and strong performance of our local stores,” said Bryan Grissinger, principal of Frontera Real Estate.
Real estate reporter Ray Huard may be reached at email@example.com or 858-277-8904.