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10-Acre Site Plucked for Industrial Build

CARSON, CA—An affiliate of KTR buys a 10-acre land site from a local distributor's real estate surplus, with plans to use the site as a land lease or a build-to-suit industrial development.

By Kelsi Maree Borland | Updated on February 13, 2015

CARSON, CA—An affiliate of KTR has purchased a 10-acre infill land site in Carson from an unnamed local distributor. The land parcel was part of the distributor’s real estate surplus. KTR plans to market the site as a land lease or as an industrial build-to-suit opportunity. The purchase price of the sale was not disclosed.

“The seller decided this was a good time to take advantage of the rising prices of land and dispose of a non-critical asset,” Steve Bohannon, a broker at Cushman & Wakefield, tells GlobeSt.com. “For the buyer, this was a rare opportunity to acquire a quality site that is located in an infill marketplace and is considered quite large in this market.” Bohannon represented the seller and the buyer in the transaction, along with Cushman & Wakefield brokers Rooney Daschbach and Rusty Smith.

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