The priciest industrial deals of the summer
Rexford Industrial snagged two out of the five spots
Summer is nearing its end, but the heat in Los Angeles is definitely not.
Here’s a look at the hottest deals that closed in the industrial market in Los Angeles County this summer so far, based on CoStar data recorded from June 20 to September 1.
2301-2399 and 2330-2398 E. Pacifica Place, 20001-20021 S. Rancho Way
The summer’s most expensive industrial deal occurred on July 27 when Rexford Industrial acquired a six-building complex in Rancho Dominguez, for $210.5 million. The seller of the 1.17 million square feet of industrial space was undisclosed, but records show the 55-acre site was tied to the California State Teachers’ Retirement System.
14305 – 14339 Don Julian Road
On Aug. 1, AEW Capital Management purchased Towers Industrial Park in the City of Industry for $62.1 million, taking the second spot on our list. The seller of the 525,000-square-foot property was undisclosed.
600 Live Oak Avenue
Next up was Realterm US’ purchase of a 92,500-square-foot warehouse in Irwindale for $36.5 million on June 20. The 1990-built building was previously owned by real estate services firm Burr & Temkin.
14280 & 14380 Carmencita Road, 13555 Excelsior Drive
Rexford Industrial’s second appearance on the list is its acquisition of the summer’s fourth most expensive property. On June 30, the REIT paid $30.7 million for three-building facility, which spans 198,100 square feet across 12 acres. Property records show the site previously belonged to Sydney Development Corp.
341-345 N. Baldwin Park Boulevard
Coming in last (and most recent) was EverWest Real Estate Partners’ purchase of a three-building industrial complex in the City of Industry for $20.9 million. Textile manufacturer Amrapur Overseas sold the 165,680-square-foot site on Aug. 28, raking in $126 a square foot.