Behringer Harvard has invested in the El Cajon Distribution Center, a two-building, cross-dock industrial centre comprising 1.4 million square feet located in San Bernardino, California, approximately 55 miles northeast of Los Angeles.

Behringer Harvard made this investment through a joint venture with CT Realty Investors, a real estate investment and development firm based in Aliso Viejo, California; Westcore Properties, a real estate investment and management company based in San Diego, California; and Pacific Coast Capital Partners, an El Segundo, California-based real estate investment firm.

This investment is an asset in the portfolio of Behringer Harvard Opportunity Reit II.

"The El Cajon Distribution Center is a new institutional-quality, class A industrial asset that boasts a quality of construction that's best-in-class and a superior location in the highly desirable Inland Empire, an area centred around the cities of Riverside and San Bernardino," says Samuel A. Gillespie, chief operating officer of Behringer Harvard Opportunity Reit II. "We believe this investment in a property acquired at a significant discount to replacement cost offers compelling upside potential with limited downside risk. Positive absorption of industrial space returned to the Inland Empire in the second quarter of 2010, and El Cajon Distribution Center is well-positioned to take advantage of this recovering market."

El Cajon Distribution Center consists of two industrial buildings at 7010 and 7140 N. Cajon Boulevard. The 63-acre site provides direct access to I-215 and I-15, which lead to the I-210, I-10 and State Route 60 freeways, all major transportation routes serving Southern California and the Western US. Corporate neighbours in the surrounding market include FedEx, Target, Kohls, Mattel, Home Depot and Smuckers.