Duke Realty Buys 323,00-SF Warehouse for $38M

LYNWOOD, CA-Duke Realty Corp. has acquired the 323,374-square-foot Century Distribution Center from LaSalle Investment Management for $38 million, according to Cushman & Wakefield, which arranged the sale. The buyer and the seller were both represented by Cushman & Wakefield Capital Markets professionals Jeff Chiate, Jeffrey Cole, Ed Hernandez and Rooney Daschbach, with Steve Springer of Grubb & Ellis providing market consultancy.

Built in 1999, Century Distribution Center is 100% occupied in a triple-net lease to Pacer International. The property, set on 14.64 acres, is adjacent to the 105 Freeway near the 710 Freeway interchange, close to the Ports of Los Angeles and Long Beach.