American Realty Focuses on L.A. Industrial

LOS ANGELES—American Realty Advisors is focused on the L.A. industrial market, which is the largest in the US, according to Gary Steinhardt, director of the investment group at the firm. In an earlier story, GlobeSt.com reported that American Realty Advisors purchased the Shoemaker Distribution Center, a 175,000-square-foot class-A industrial facility in Santa Fe Springs. The property fits into the institutional investment manager’s plan to purchase competitive properties in top-tier markets.

“We have a very strong focus on industrial assets throughout the United States in key distribution markets, and 40% of trade in the United States comes through the west coast ports, of which Los Angeles is the largest,” Steinhardt tells GlobeSt.com. “We believe that the robust tenant and investor demand for functional in-fill distribution assets will continue, making this investment well positioned for long-term growth. Shoemaker offers many of the attributes desired by tenants in Santa Fe Springs, a market which can efficiently serve the entire Los Angeles and Orange County regions. These attributes include ample dock-high and drive-in loading, excess trailer storage and 24′ or greater ceiling heights.  Basically this is a strong income-producing property that is consistent with American Realty Advisors’ ongoing investment strategy to identify core assets in well located, supply constrained markets.”