Sale of 436K SF trophy industrial asset in SoCal’s Inland Empire closes

LOS ANGELES, Oct. 9, 2025 –  JLL Capital Markets announced today, on behalf of REDA and a commingled fund managed by Clarion Partners, the sale of 11119 Juniper Ave., a state-of-the-art 436,424 square foot, newly constructed Class A distribution center in Fontana, California. The building is leased long term to Cencora (formerly AmerisourceBergen Drug Corporation).

The JLL Investment Advisory team was led by Senior Managing Director Patrick Nally, Director Makenna Peter and Senior Director Evan Moran. The JLL Markets leasing team included Managing Director Cody Clayton and Vice Chairman Patrick Wood. JLL's Debt Advisory team, which financed the acquisition on behalf of the buyer, is comprised of Senior Managing Director Bruce Ganong, Senior Director Peter Thompson and Director Taylor Gimian.

The successful transaction represents the culmination of JLL's long-term strategic involvement on the project. JLL’s Inland Empire Markets leasing team orchestrated the initial land sale to REDA and their capital partner, who subsequently navigated the site through a difficult entitlement process. The JLL leasing team secured Cencora as the primary tenant, and in the final phase of the project, the JLL Capital Markets team executed the sale, bringing this multifaceted project to a successful conclusion.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Real Estate Development Associates (REDA) is a diversified investment firm focused on acquiring and developing office and industrial properties. REDA’s strategy centers on value creation through transformation, targeting key market opportunities that offer the highest risk-adjusted returns. Visit redallc.com.