EverWest Real Estate Partners picked up a three-building industrial complex in the City of Industry for $20.9 million, or $126 a square foot, the company announced this month.
The seller, textile manufacturer Amrapur Overseas, purchased the 165,680-square-foot property at 341-345 Baldwin Park Boulevard for $16.4 million in December 2015.
EverWest’s portfolio includes properties in Chicago, Boston and Phoenix. This marks its fourth commercial investment in California for EverWest in the last two years, according to its website.
The real estate investment and management firm acquired the industrial distribution site in an off-market transaction on behalf of one of its clients, the company said.
Lee & Associates had the listing. Colliers International represented the buyer.