CARSON, CA-New York City-based KTR Capital Partners has acquired the Carson Distribution Center, a 431,282-square-foot class A distribution property that was built in 2001 and is 100% leased to two tenants. KTR acquired the property from Industrial Developments International, an Atlanta-based company that maintains a Southern California office in Foothill Ranch.

KTR notes that the building is situated on 19 acres in the Los Angeles South Bay submarket, approximately five miles north of the Port of Los Angeles/Long Beach. Brian Gagne, vice president of Investments at KTR, said in a prepared statement that the acquisition “is an exceedingly rare opportunity to acquire a class A distribution facility in the heart of the South Bay, the nation’s top industrial submarket.” This is the eighth property that KTR has added to its Southern California portfolio in the past six months, , and the company is focused on the continued growth of its presence throughout the region's industrial market, Gagne says.

KTR partner John DiCola adds that the acquisition fits the company's national strategy, which is desgined to focus on “the highest quality assets in leading in-fill submarkets that serve major consumer population centers.” DiCola says that, as a market recovery takes hold “This is the type of asset that will out-perform.”

This acquisition brings KTR’s portfolio in Sothern California to over 4.3 million square feet across 13 buildings located in Los Angeles and Orange counties and the Inland Empire. Terms of the Carson Distribution Center acquisition were not disclosed.