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Outrigger Industrial Grows California Portfolio With Value-Add Acquisition In Los Angeles Area
Upgrades Planned to Infrastructure, Safety Systems and Building Exterior
Los Angeles, CA – January 13, 2026 Outrigger Industrial, in partnership with Wang Peng Investment Group, Incorporated, has acquired the 127,735 square foot building located at 215 North Smith Avenue, in Corona, California. The Joint Venture plans significant upgrades to the facility through construction of a new office, additional dock high doors, pavement rehabilitation, and aesthetic improvements. Modernizing the building will complement the existing features which include a high-power capacity, in-place service of ~3,000 AMPs.
“This acquisition strengthens our footprint in California and reflects our focus on industrial in infill, supply-constrained markets and targeting buildings with a strong power infrastructure,” said William Lu, Co-Founder & Managing Partner, Outrigger Industrial. “Investing in improvements to modernize this property will immediately boost value and tenant appeal.”
The newly acquired building is set on six acres located in western Riverside County, about forty-five miles southeast of Los Angeles. The site offers convenient access to I-15 and SR-91, both within two miles, making it well-connected for regional travel through the Inland Empire and into Orange County. The full building is available for lease or sale.
Tony Phu of Colliers represented the buyer and is spearheading leasing. Michael Kendall, Gian Bruno, and Jennifer Bartlet also of Colliers represented the seller.
About Outrigger Industrial, LLC:
Outrigger Industrial, LLC is a joint venture partnership between co-owners and managing members of PTLR, LLC (Podboy, Trinkle, Lu, and Rowley) and co-owners and investment firms Davidson Kempner Capital Management and Monarch Alternative Capital. Outrigger Industrial is strategically designed to invest in and develop industrial opportunities including ground-up development and value-add projects across the United States. The company is focused on infill and other high barriers to entry submarkets in major cities which exhibit strong macroeconomic and real estate fundamentals. Outrigger Industrial has offices in Chicago, Los Angeles, Houston, Atlanta, Philadelphia, and Columbus. For more information, please visit www.outriggerindustrial.com.
Outrigger Industrial Regional Media Contacts:
West Coast:
William Lu, Co-Founder & Managing Partner
949-872-0021