In the News

Triten Expands West Coast Presence with Purchase of Inland Empire Outdoor Storage

Irvine, CA | February 28, 2023 -- Triten Real Estate Partners, a Houston-based commercial developer and management firm with a focus on Industrial Outdoor Storage (IOS), expands their growing portfolio with the recent acquisition of a 2.72-acre outdoor storage yard in the Inland Empire submarket. Trevor Hanson, principal at Triten Real Estate Partners, sourced the property off-market through a standing industry relationship with Mathew Skogebo and Ryan Turnquist at Lee & Associates.

The property, 19792 El Rivino Road, is centrally located in Bloomington at the corner of El Rivino Road and Agua Mansa Road, which is a main thoroughfare to major area highways and the West Colton Union Pacific Intermodal. The Property is well-located within Agua Mansa Specific Industrial Plan, which is a strategic location for the continued expansion of industrial development–there is roughly 15 million square feet of industrial product within a 1-mile radius of the site. This density of traditional industrial users will continue to drive demand for a wide range of IOS users in the area. The El Rivino property is 100% leased through a sale-leaseback for 18 months.

“This deal presented a unique opportunity to buy in-place yield in one of the country’s most competitive industrial markets,” says Trevor Hanson, principal at Triten Real Estate Partners. “The 18-month sale leaseback also provides strategic flexibility as the surrounding market continues to mature, creating a more robust tenant base as new industrial developments are completed. This is Triten’s second acquisition in the Inland Empire, and we look forward to expanding our West Coast presence throughout 2023.”

With over 37.4 million square feet of industrial warehouse space currently under construction and the exponential growth and demand of trucking, logistics, and intermodal users, the Inland Empire continues to be one of the fastest-growing industrial markets in the U.S. and Triten continues to work diligently on growing their portfolio as this demand increases. Triten's total portfolio stretches across 11 tier one markets in the U.S. with over 50 sites in the portfolio.

Portfolio growth has been so exponential within the last year that Triten now holds multiple satellite offices throughout the nation to better position themselves in these top-tier markets. Along with offices in Houston and Dallas, Triten has positioned themselves on both the east and west coasts, with Principal Trevor Hanson managing the office in Irvine, California, while Principal Danny Coffman is managing the Triten office in Baltimore, Maryland.

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