Intercontinental & Kennedy Wilson Acquire 655,000 SQFT Industrial Facility in Central Valley for $71.8MM

Boston and Los Angeles (June 3, 2024) -- Intercontinental Real Estate Corporation (“Intercontinental”) in joint venture with Kennedy Wilson has acquired Stockton Commerce Center, a fully leased 655,976-square-foot warehouse and distribution facility in the California Central Valley city of Stockton for $71.8 million (or just over $109 per square foot). (Ed. note: the seller, according to […]