(To read more on the industrial market, click here.)
RANCHO DOMINGUEZ, CA-First Industrial Realty Trust has acquireda 125,000-sf warehouse on 6.4 acres and plans to redevelop the siteinto an $18 million, 140,000-sf distribution facility, according tothe Goodglick Co. The Chicago-based REIT bought the property, whichis at 18201 S. Santa Fe Ave., for $6 million from Elliott's DesignsInc., a specialty metal furniture manufacturer.
The property sale was brokered by Bob McIntyre of Goodglick, whorepresented both the buyer and the seller. McIntyre says that FirstIndustrial's new project will be marketed for sale or lease, withthe Goodglick Co. as the listing agent.
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