By PE Business
April 25, 2011 7:00 AM

KTR Capital Partners, a New York City-based investor, has closed on the purchase of two warehouse buildings in San Bernardino totaling more than 1 million square feet, according to a statement. The buildings are a short drive from Interstate 215.

The two structures, both completed in 2008, are on Tippecanoe Avenue and East Ninth Street, The sales prices were not disclosed, but they were at a “substantial discount” to the replacement costs.

Jack Katzanek
jkatzanek@PE.com