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Investors heighten interest in Inland distribution sites -

Investors with deep pockets appear to be renewing their interest in Inland Southern California's best distribution sites, several people that follow the area's real estate said.

KTR Capital Partners LLC recently announced it had purchased 1.2 million square feet of warehouse space near the intersection of interstates 10 and 15 in Ontario. It was the second major acquisition in the last two months for KTR, a New York City-based private equity investment firm.

Panattoni Development Co. was the seller, and each of the five buildings has multiple tenants, said Darla Longa, vice chairman of C.B. Richard Ellis, who marketed the property for Panattoni. The tenant list includes Charlotte Russe and Volvo, Longo said.

Longo said KTR was not the only company interested in the property, and she said it looks like private investment firms, after a long period of caution, want to make some moves.

"I think capital is back and wanting to buy," Longo said   Read Full Article...