LOS ANGELES, Calif. – Cushman & Wakefield announced the firm has represented Worldwide Material Handling (WWMH), a pioneer in wire mesh products for pallet racks, in its acquisition of a newly built 135,287-square-foot Class A industrial facility in San Bernardino (Los Angeles), California. Located at 549 E Central, the building situated in the renowned Inland Empire was developed and sold by Hillwood Investment Properties, a Perot Company.
The two parties entered escrow in early 2021, with the sale closing upon completion in June for approximately $21.5 million.
Tim Pimentel, SIOR, Chuck Belden, Brice Larson and Kyle Kehner with Cushman & Wakefield’s local Inland Empire office in Ontario represented the buyer. Bill Heim and Alex Heim with Lee & Associates represented the seller.
Based out of Chicago and with locations across the U.S., WWHM has had a presence in the Inland Empire for over 20 years. The company has remained a strong supplier of Material Handling products, including its Wire Decking, a main component in racking systems.
“Over the years, Worldwide Material Handling has grown in San Bernardino from its smaller 5,000 to 10,000-square-foot buildings and expeditiously now to their newly acquired 135,287-sf facility—like many companies WWMH has experienced growth due to the long term e-commerce movement that has put heavy demand on industrial real estate regionally and nationally,” said Tim Pimentel, Managing Director.
Pimentel continued, “It’s great to see clients grow over time while also understanding the challenges they face. WWMH’s ultimately scaling to a large regional facility has been very satisfying to not only watch but be a part of. And with the added burdens of Covid, also seeing them be a part of the solution in some ways to help meet the important needs of e-commerce consumers.”
Built in 2021, Worldwide Material Handling’s new San Bernardino facility is located within Hillwood’s AllianceCalifornia, a 2,000-acre trade and logistics center positioned in one of the top industrial markets in the nation. Located at the corner of Central Ave and Valley View Ave, the project features great access to air, rail and interstate highways. The property features 32-foot clear height, ESFR sprinklers, skylights, 28 dock doors, 2 grade doors, and ample auto and trailer parking.
Worldwide Material Handling was the first to offer wire mesh products from stock, and today stocks more pallet rack accessories than any other company in the world. The company was the first to distribute its products from multiple warehouses located across the U.S. and currently has strategic locations for national coverage in San Bernardino, Seattle, Dallas, Chicago, Charlotte, N.C., and Watsontown, PA.
