Behringer Harvard and CT Realty Investors have made a joint investment in Archibald Business Center, a corporate headquarters and industrial warehouse facility comprising 231,444 square feet.

The Archibald Business Center is in Ontario, California, which is approximately 35 miles east of Los Angeles in the San Bernardino-Riverside MSA, a market also known as the Inland Empire.

Archibald Business Center is the second in a series of planned co-investments between Behringer Harvard and CT Realty Investors, a real estate investment company based in Aliso Viejo, California.

The two companies are jointly pursuing a strategy to acquire class A industrial assets in the Inland Empire. Earlier this month, the partners also co-invested in the El Cajon Distribution Center, a 1.4 million square foot industrial facility a few miles away from Archibald Business Center.

"The West Inland Empire surrounding the city of Ontario continues to attract large distributors, warehouse operators and logistics firms seeking to consolidate their operations into large, state-of-the-art facilities," says Samuel A. Gillespie, chief operating officer of Behringer Harvard Opportunity Reit II. "With its easily accessible location and a combination of office and industrial space, we believe that Archibald Business Center will be attractive to tenants seeking 'best in class' corporate space in this desirable market. In addition, we acquired it at a significant discount to replacement cost."

"We are excited to conclude another joint investment with Behringer Harvard in the Inland Empire, an area we view as an attractive location for high-quality industrial property investments," adds James "Watty" Watson, chief executive officer of CT Realty Investors. "This submarket has recently seen real net absorption and the available supply of industrial space of this calibre has contracted significantly."

Behringer Harvard's ownership interest in Archibald Business Center is held in the portfolio of Behringer Harvard Opportunity Reit II; CT's ownership interest is an asset in the portfolio of CT California Fund VI.