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Industrial investor CT has sold four small-box industrial properties in San Diego and Los Angeles. All four properties, which traded hands for a combined $75 million, were sold to owner-occupiers that have a manufacturing component, as opposed to ecommerce or distribution users. The trades reveal the healthy existing demand for manufacturing facilities. The four properties included a vale-add deal in San Diego, the largest of the transactions, and three newly constructed properties in Los Angeles.

The four Los Angeles properties were part of a strategy targeting owner-occupiers. “The other buildings were part of a strategy targeting owner-user buyers,” Carter Ewing, managing partner at CT, tells GlobeSt.com. “We identified buildings in in-fill submarkets primarily in the San Gabriel Valley primarily with the intent that of identifying the buyer for the brand new vacant building. Those owners tend to be owner-occupiers. That particular strategy took about three years from concept to completion, and by any measure the market worked in our favor. We enjoyed great appreciation through the growth in the broader market.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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