Its latest acquisition is Ford Distribution Center, an eight-building complex near the intersection of Slauson and Eastern boulevards. The 48.7-acre property includes warehouses, some service-center facilities and a truck terminal.
The project is about 95% occupied, according to brokers involved in the deal, which is better than the countywide average of about 93.5%. Its tenants include transportation giant Roadway Express, Unisource, and Gourmet Award Foods.
The project was sold by an investment fund managed by Boston-based pension fund advisor AEW Capital Management. The deal was brokered by a CB Richard Ellis team of Darla Longo, Barbara Emmons and John Privett, along with Eric Hinkelman and Bob Antrobius of Trammell Crow Co.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
