(To read more on the industrial market, click here.)
CITY OF INDUSTRY, CA-Granite Peak Partners has acquired a110,000-sf industrial property here for $7.14 million and, in aseparate deal, private investors acquired a 16,000-sf industrialbuilding in Chatsworth for $3.1 million. The Granite Peak purchaseis a single-tenant property that is leased to Spring Air PartnersCalifornia as the Los Angeles manufacturing facility for thenational mattress company.
The new Granite Peak asset sits on a four-acre site at 111 N.Baldwin Park Blvd. The buyer and the seller were represented byChris Thompson of Investment Real Estate Associates of Encino.Bruce Savett, a founding principal of Granite Peak Partners incharge of acquisitions, points out that Granite Peak selected andacquired the property for a private client.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
