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TIAA-CREF Snags Modern Warehouse

CARSON, CA-The speculative building is purchased from Trammell Crow in this weekly wrap-up of deals.

By Carrie Rossenfeld | Updated on February 28, 2013

(Save the date: RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27.)

CARSON, CA-Trammell Crow has sold a class-A, multi-tenant, 210,710-square-foot warehouse/distribution and manufacturing facility situated at 16325 S. Avalon Blvd. here, to TIAA-CREF. Final terms of the agreement were not disclosed. Jeffrey Morgan, EVP of DTZ, negotiated the sale and represented both parties, assisted by associate Patrick Morgan of DTZ in Los Angeles and co-brokers David Stromath and Dean Haney of CBRE. Trammell Crow had acquired the land site in December 2011 from Evergreen USA for an undisclosed sum, and both parties in that earlier transaction were also represented by Morgan.

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