SANTA ANA, CA-An affiliate of KTR Capital Partners of New York City has acquired the 296,000-square-foot, 100% leased Santa Ana Distribution Center from Prudential Real Estate Investors acting on behalf of institutional investors, according to the buyer. Built in 1998, the distribution center is located at 1801-1995 South Standard Ave. and is occupied by two tenants.

The center’s location is in the Airport Industrial Area submarket, on a 15-acre site near the intersection of the Costa Mesa Freeway (55), the San Diego Expressway (405) and the Santa Ana Freeway (5). Brian Gagne, a KTR vice president, says that the acquisition continues the firm’s strategy of acquiring functional, well-located properties in markets with high barriers to entry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.