Warehouses continue to generate pricey deals in Southern California. The latest is GLP Capital Partners acquisition of a 406K SF warehouse from Swiss Re Group, the Zurich-based insurer, for $156M.
The property is located at 458-486 East Lambert Road in Fullerton. The deal, which translates into $384 per SF is the priciest in Orange County this year, according to a report in the Orange County Business Journal.
Swiss Re, one of the largest global reinsurers bought the 18.6-acre parcel in 2014.
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