1925 and 1936 E. Vernon Ave., Vernon
Deal Value: $61.5 million
ACBRE team led by Barbara Perrier successfully 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 challenge that required the CBRE team to employ creative strategies to nd 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 The existing property was outdated and in bad condition, necessitating a buyer with a vision for redevelopment.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 ber 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 committed 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 The buyer plans to transform the outdated site into a state-of-the-art data center, which will signi cantly enhance the area’s infrastructure and economic potential. This redevelopment aligns with modern technological needs and represents a forward-thinking investment in the community.
