Dedeaux Properties and joint venture partner Brasa Capital Management have sold a fully-leased 73,992-square-foot Class A industrial distribution building in the Inland Empire city of Redlands, California, to LBA Realty, completing the disposition of a brand new two-building complex. The building includes 20,000 square feet of cold storage space with two coolers at 55 and 34 degrees, and is currently leased to In-N-Out Burger.

Located at 509 Alabama Street, the building is one of two state-of-the-art warehouse and distribution facilities that make up Dedeaux's Business Park Redlands.  Dedeaux, which specializes in the investment and development of logistics-oriented real estate throughout California, acquired the 7.75-acre development site in 2018 and subdivided the parcel into two separate lots. The two-building 155,000-square-foot development was completed in March 2021.