(To read more on the industrial market, click here.)
COMPTON, CA-ProLogis has acquired two industrial buildingstotaling 181,650 sf at the intersection of the Artesia Freeway andAlameda Street for $21.2 million from locally based IDS Real EstateGroup. The two buildings include one of 138,650 sf for which IDSacquired the land three years ago and developed on a speculativebasis.
Dan Sibson, senior vice president of Downtown Los Angeles-basedIDS, explains that after IDS developed the 138,650-sf building, theL.A.-based development firm leased it to two tenants, PODSEnterprises and AIF Co. PODS supplies portable on-demand storagesystems, and AIF is one of many logistics services firms thatoperate in the South Bay.
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.
