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CBRE Brokers $61.5M Sale of Industrial Redevelopment Site in Vernon, California

Summary by REBusinessOnline
VERNON, CALIF. — CBRE has arranged the sale of a 7-acre industrial redevelopment site located at 1925 and 1936 E. Vernon Ave. in Vernon. A confidential buyer acquired the asset from The Alavern Co. for $61.5 million. The property currently houses a five-story, 368,500-square-foot building. Barbara Perrier, Eric Cox, Jeff Stephens, Jack Mergenthaler and John Hillman of CBRE represented the seller, while Jack Cline, Evan Jurgensen and Andy Gage of…

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