Northwestern Mutual Sells Industrial Complex for $128M

The Los Alamitos Corporate Center has 17 buildings on a 36.9-acre lot and is 98% leased.

Northwestern Mutual has sold the Los Alamitos Corporate Center, a 17-building industrial complex in the Mid-Counties industrial market, for $128.5 million to Alere, a pension fund.

The property is located at 4332-4478 Cerritos Avenue, 10541-10681 Calle Lee and 4392-4465 Corporate Center Drive, and it is 98% leased to 82 total tenants. The buildings range in size from 11,788 square feet to 134,186 square-feet.

CBRE’s Darla Longo, Barbara Perrier, Brett Hartzell, Rebecca Perlmutter Finkel, Eric Cox and Laird Perkins represented the seller in the deal.

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