Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OXNARD, CA-A Ventura County family trust has paid $11.1 million to acquire a fully occupied 125,568-sf industrial facility on 7.1 acres within MacInnes Ranch, according to Westcord Commercial Real Estate Services. The transaction was one of five industrial sales and leases totaling more than $33 million that have closed in recent weeks in L.A. County.

Tony Principe of Westlake Village-based Westcord reports that the Lyle Family Trust purchased the Oxnard property, which is at 700 Del Norte St., from Del Norte LLC. Principe represented the seller of the highly improved building, which was erected in 1990 and is occupied by Berner Food Services, a restaurant supply company that formerly was known as Cardinal Food Supply. Principe originally negotiated a long-term lease with Cardinal in behalf of Del Norte LLC.

In a Montebello deal, CB Richard Ellis reports that TA Associates Realty acquired the 133,521-sf Beach Distribution Park from local investor and developer Davis Partners for $8.7 millionThe 100% leased industrial park consists of two multitenant buildings on 5.7 acres. The transaction was brokered by the CBRE Private Client Group’s Scott Heaton and Neil Mishurda, who represented both the buyer and the seller.

In the City of Industry, Clayton Industries, a designer, producer and distributor of steam generators, boilers and engine dynamometers, signeda 10-year lease for 62,730 sf of industrial space at 17477 Hurley Ave. that will house the firm’s corporate headquarters. The value of the lease, including amortized tenant improvements, was $4.8 million.Clayton expects to occupy its space in the newly completed, single-story, concrete tilt-up building in September in a relocation from El Monte. The building is owned by City of Industry-based EDW Properties.

Jim Center of Grubb & Ellis’ San Gabriel Valley office represented the landlord. Walt Chenoweth, Pete Reich, Frank Geraci and Dan De La Paz of CB Richard Ellis represented the lessee.

In a Santa Fe Springs transaction, Coaster Company of America, a furniture distributor, has signed a three-year lease renewal for the entire 284,580-sf industrial building at 12434 Lakeland Rd. for a total consideration of $4.7million. The class A building with 30-foot warehouse clearance has served as one of the firm’s Southern California distribution centers since it was built in 1998.

Cushman & Wakefield’s Luke McDaniel, along with Cameron Driscoll and John McMillan represented the landlord, The Carson Cos. The tenant was represented by Tim Cronin of Lee & Associates.

In Van Nuys, John DeGrinis of Colliers Seeley International reports that Los Angeles-based Acoustical Material Services, a contractors supply company, signed a $3.8 million, 10-year lease to house its San Fernando Valley distribution hub in 38,176 sf of industrial space at 7911-7933 Haskell Ave. DeGrinis and Darren Cline, also of Colliers Seeley International, represented the landlord, K Associates, a private partnership. AMS was represented by Matt Dierckman, Dave Harding and Greg Geraci of CB Richard Ellis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.