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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.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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