LOS ANGELES—Intertex Cos. and funds managed by Oaktree Capital Management have purchased a two-property biomedical portfolio from an entity affiliated with Alfred Mann. The portfolio includes the Mann Biomedical Park in Valencia, CA, and Sylmar Biomedical Park in Sylmar, CA. The buyer and seller did not disclose the sales price of the property, however Bank of America provided debt financing for the purchase.

The two-properties total 793,000 square feet. The 612,075-square-foot Mann Biomedical Campus sits on 167 acres, and is entitled for up to 900,000 square feet of additional industrial and office space. “The Mann portfolio received significant interest from both institutional and private investors,” Craig Peters, a broker at CBRE, tells GlobeSt.com. “The combination of 800,000 square feet of existing leased assets, between Valencia and Sylmar, and up to 900,000 square feet of new development opportunity made this a much sought after property.” Peters represented Alfred Mann in the transaction along with his CBRE colleagues Kevin Shannon, Ken White, Doug Sonderegger and Laura Stumm. Val Achtemeier secured the debt financing.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.


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 © 2024 ALM Global, LLC. All Rights Reserved.