Greenlaw Partners buys into Valencia industrial

$41.5M for logistics hub fully leased to Bertelsmann unit

Los Angeles /
Apr.April 06, 2022 08:30 AM
Greenlaw Partners' Wilbur Smith III and 29011 Commerce Center Drive (USC, LoopNet)
Greenlaw Partners’ Wilbur Smith III and 29011 Commerce Center Drive (USC, LoopNet)

Greenlaw Partners has bought an industrial property in Valencia that’s fully leased to a logistics subsidiary of Germany-based media conglomerate Bertelsmann.

The Irvine-based investment firm purchased a 165,000-square-foot warehouse for $41.5 million — around $251 per square foot, according to property records filed with Los Angeles County.

Greenlaw got a $28.8 million loan from Chicago-based Walton Street Capital in connection with its purchase, records show.

The warehouse was previously owned by The Moulton Company, a family-owned private equity firm based in Irvine. The Moulton Company bought the property from Sares-Regis Group, which built the property, for $21.75 million in 2013.

The warehouse, located at 29011 Commerce Center Drive, is fully leased to Arvato, which provides supply chain logistics, e-commerce and cloud services. Arvato has leased the property since 2002.

Greenlaw Partners has pivoted to industrial over the last year, offloading a 30-acre office campus in Orange County to Amazon for $165 million last year and putting an 18-story office tower in the city of Orange on the market.

Most recently, the company bought a former church site in the San Gabriel Valley to build a 177,000-square-foot Amazon warehouse. Amazon has since backed out of its deal and Greenlaw is currently marketing the property for lease.

Valencia, known for being a more residential enclave of Santa Clarita, is seeing more industrial and studio activity. Rexford Industrial Realty recently built a 111,260-square-foot warehouse in Valencia that is leased to Lief Labs, a dietary supplement maker.





    Related Articles

    arrow_forward_ios
    The Lightstone Group's Gary Leshgold and 6220 Owensmouth Avenue (LinkedIn/Gary Leshgold, ApartmentFinder.com, iStock)
    Woodland Hills apartment complex trades for first time in 50 years
    Woodland Hills apartment complex trades for first time in 50 years
    Duke Realty's James Connor and 14724 Proctor Avenue in City of Industry (Google Maps, Duke Realty)
    Duke Realty gets another 230K sf in City of Industry
    Duke Realty gets another 230K sf in City of Industry
    Bridge Industrial founder and CEO Steve Poulos and 4885 East 52nd Place in Vernon (Google Maps, Bridge Industrial)
    Bridge Industrial picks up 8 acres in Vernon
    Bridge Industrial picks up 8 acres in Vernon
    BentallGreenOak Sonny Kalsi and Stream Realty's Lee Belland and Mike McVean with 10380 Alder Avenue (LinkedIn, Stream Realty Partners, LoopNet)
    Newly built Inland Empire warehouse fetches $83M
    Newly built Inland Empire warehouse fetches $83M
    Clockwise from top left: Harrison Street CEO Christopher Merrill, 2825 Santa Monica Boulevard, Stockdale Capital Partners' Steven Yari and Shawn Yari and 9090 Wilshire Boulevard (Harrison Street, Stockdale Capital Partners) 
    Harrison Street buys Westside medical offices for $156M
    Harrison Street buys Westside medical offices for $156M
     Spirit Realty's Jackson Hsieh with   5038 West Avenue North (Real Share Net Lease, Loopnet)
    Texas investor seeks premium on sale of Antelope Valley retail
    Texas investor seeks premium on sale of Antelope Valley retail
    80 South Street (Wikipedia)
    Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
    Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
    Rexford Industrial Realty co-CEOs Howard Schwimmer and Michael Frankel and 13535 Larwin Circle and 7815 Van Nuys Boulevard in Panorama City (Google Maps, Rexford)
    Rexford spends $153M on six industrial properties
    Rexford spends $153M on six industrial properties
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...