Raleigh Acquires 200,000 SF for $17M

SANTA MONICA, CA-Raleigh Enterprises has acquired two new industrial buildings totaling 200,000 sf for $17.1 million, according to Colliers International Private Capital Advisors, which represented the Santa Monica-based firm in the deals. The new Raleigh assets include a 112,000-sf industrial building in the City of Commerce and an 83,500-sf building in Sylmar.

In the Commerce deal, Raleigh completed a purchase option on its 112,000-sf leased facility at 5945 Malt Ave. for $9.2 million. In the Sylmar transaction, the company paid more than $7.8 million for a property at 12800 Foothill Blvd.

Chuck Littell, associate vice president of Colliers Private Capital Advisors in Torrance, reports that Raleigh acquired the Commerce property from Chalmers Equity Group, an industrial development firm. CEG developed 5945 Malt Ave. as a build-to-suit for Raleigh’s File Keepers LLC, division in 2005. Littell represented Raleigh in both the Commerce and Sylmar acquisitions. CEG, headquartered in Pico Riviera, was represented by its chief financial officer, James Devling, in the Commerce deal.