VITAL STATISTICS
1925 and 1936 E. Vernon Ave., Vernon
Deal Value: $61.5 million
A CBRE team led by Barbara Perrier success-fully facilitated the $61.5 million sale of a 7.05-acre redevelopment site in Vernon. The existing property on the site was old and in poor condition, presenting a unique chal-lenge that required the CBRE team to employ creative strategies to ÿnd the right buyer. The existing property was outdated and in bad condition, necessitating a buyer with a vision for redevelopment. The site’s proximity to key ÿber lines and the presence of the city of Vernon’s own power company made it an ideal location for a data center, adding to its strategic value. The CBRE team leveraged their extensive network to target developers interested in data center projects, ultimately securing a commit-ted buyer. Despite the lengthy escrow process, the buyer remained committed. The buyer plans to transform the outdated site into a state-of-the-art data center, which will signiÿcantly enhance the area’s infrastruc-ture and economic potential. This redevelop-ment aligns with modern technological needs and represents a forward-thinking investment in the community.
