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Oxford Properties Group has made its first foray into the Los Angeles market. The firm has purchased the Santa Clarita Innovation Park for $133.5 million, its first direct acquisition in the market.

The Santa Clarita Innovation Park is a 14-building business park on more than 118 acres in Santa Clarita. The property is leased to a mix of industrial and life science tenants. Oxford is currently increasing its exposure to life science and industrial assets, and this purchase aligned nicely with that strategy. According to the firm’s EVP of North America Chad Remis, “Substantially growing our life sciences and industrial businesses represent our highest conviction investment strategies and top priorities at Oxford.” Along with residential—another target asset class—Oxford’s industrial and life science properties will account for 45% to 60% of its total portfolio by 2025.

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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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