11/22/2008

First 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

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009