COMPTON, CA-A KTR Capital Partners affiliate has closed on the acquisition of 220 W. Manville St. in Compton, CA. The 176,656-square-foot transload facility is situated on 12.5 acres in the South Bay submarket just over six miles from the Port of Los Angeles/Long Beach.
Brian Gagne, vice president of investments at KTR says that “This is a great opportunity to acquire a unique asset in one of the tightest submarkets in the country. With many companies focused on higher velocity supply chains to meet demand swings today, transload facilities like the Manville asset will always be in high demand.”
He adds that “This is the ninth property added to our Southern California portfolio in the last year. KTR is focused on continued growth of our presence through this industrial market.”
The building features 36 dock high loading positions, four ground level loading doors and 193 trailer parking spaces. The property is currently 100% leased to Horizon Shipping Lines. GlobeSt.com could not acquire further information by deadline.
This acquisition brings KTR’s portfolio in Sothern California to over 4.5 million square feet across 14 buildings located in LA County, Orange County and the Inland Empire. As GlobeSt.com recently reported, the New York City-based company 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.
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