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AMB Adds $50 Mil More to SoCal Holdings

LOS ANGELES-The San Francisco-based REIT acquires the 850,000-sf Ford Distribution Center, a few miles east of Downtown. The 48.7-acre project is 95% leased, better than the countywide average of 93.5%.

By David W. Myers | Updated on December 04, 2001

LOS ANGELES-AMB Property, the San Francisco-based real estate giant, has paid an estimated $50 million to add another 850,000 sf of industrial space to its growing Southern California portfolio.

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.

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