11/22/2008First Industrial acquires two facilities in Los Angeles region
by First Industrial Realty Trust has purchased a bulk distribution center and a truck terminal with quick access to the Los Angeles freeway system. Neither the sales prices or the seller were disclosed for either transaction.
The firm, which provides real estate supply chain solutions, purchased a 122,000 square foot distribution center at 2960 E. Victoria St. in Rancho Dominguez through the company's joint venture with the California State Teachers' Retirement System. Steve Sprenger of
Grubb & Ellis and Mike Gibbs of
Burr & Temkin represented First Industrial in the transaction.
First Industrial also acquired a 23,000-square-foot truck terminal at 19021 S. Reyes Ave., also in Rancho Dominguez and plans to expand the building and ad more than 20 dock-high doors. Jeff Smart and Blake Tippett of
Grubb & Ellis represented First Industrial in this transaction.
First Industrial owns, manages and has under construction 2.8 million square feet in the Los Angeles market.
Address:v2960 E. Victoria St. & 19021 S. Reyes Ave., Rancho Dominguez, Calif.
Size: 122,000 square feet/ 23,000 square feet
Filed Under: Industrial | | |
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