Home Real Estate Harbor Associates JV Pays $55M for Gardena Industrial
Real Estate

Harbor Associates JV Pays $55M for Gardena Industrial


Harbor Associates, LLC in joint venture with Evergen Equity acquired a 126,015-square-foot industrial real estate portfolio in the Los Angeles submarket of Gardena from a local investor in an off-market transaction for $55 million.  

The portfolio consists of four adjacent properties ranging in size from 17,000 square feet – 45,000 square feet at 690-760 W. 190th Str.  The 7.5-acre site is located within the 34 million-square-foot Gardena/Harbor industrial submarket, with a vacancy rate of less than 1%.  

“The opportunity to acquire 7.5 acres of prime industrial land in this very tight and important industrial submarket is rare,” said Rich McEvoy, principal for Harbor. “We are contemplating several possible options for the property including a Class A industrial outdoor storage facility for trucking and container uses.”

Added Harbor principal Paul Mizkowicz, “This submarket is incredibly dense and is one of the few in the area that allows for trucking and shipping container uses. This has ‘super-charged’ the demand as 3PL and logistics companies compete for a diminished supply of truck yards.”



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...