Kohl’s Buys 970K SF Gateway South in Southern California
- Mar 18, 2010
March 18, 2010
By Allison Landa, News Editor
In one of the larger recent sales in Southern California over the last year, Kohl’s Department Stores has purchased Gateway South, a 970,000 square-foot distribution center at 825 East Central Avenue in San Bernadino, Calif. Financial terms were not disclosed.
The facility offers easy access to the Interstate 215 and Interstate 10 freeways and lies in close proximity to the BNSF and UPSP Intermodal Rail Yards. Kohl’s was represented by Cushman & Wakefield executive director Phil Lombardo of the firm’s Inland Empire office, along with executive director John McMillan of the downtown Los Angeles Office. The seller was represented by Mike McCrary and Peter McWilliams of Jones Lang LaSalle.
“By sharing, communicating and leveraging Cushman & Wakefield’s greater enterprise, our industrial brokerage team has helped our client meet a major corporate objective,” C&W executive managing director of the U.S. Industrial Services group Dwight Hotchkiss said when announcing the news. On Wednesday, the firm announced that they had tapped Hotchkiss to serve in the position. He previously served as senior managing director and branch manager for C&W’s downtown Los Angeles office, overseeing more than 200 employees.