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Magellan Group Completes $375M SoCal Investment

The firm sells the last properties in a three-year investment in Southern California’s industrial market totaling $375 million.

The Magellan Group, based in Century City, has completed a three-year investment strategy with the sale of two Los Angeles-are industrial property for $77.5 million. The two properties include Commerce Business Center and Magellan Storage – Commerce. The three-year strategy invested $375 million in Southern California industrial and self-storage product. To find out more about the investment strategy, the impetus for that strategy and where the firm is headed next. We sat down with Kevin Staley, a principal at The Magellan Group.

GlobeSt.com: Tell me about your investment strategy over the last three-years in SoCal.

Kevin Staley: The investment strategy of The Magellan Group has been to retain its focus on value added industrial and self-storage properties in Southern California. Over these past three years, we adjusted our strategy to expedite the execution of our plans and the harvesting of our gains.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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