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Brookfield Boosts SoCal Logistics Portfolio
Brookfield Properties added 16306-16326 Bloomfield Ave. in Cerritos to its U.S. logistics portfolio. The 50,096-square-foot small bay building features both dock-high and grade-level loading and is 100% leased to four tenants.
The asset is located in Mid-Counties, one of the premier infill submarkets in the country with strong small bay tenant demand. Availability in this product type is limited as land pricing and rising construction costs have suppressed new construction of small format buildings.
Brookfield indicated Southern California is a target Global Gateway market for its growing logistics business, and it continues to seek opportunities for both acquisition and development. Over the past twelve months, Brookfield has added ten new properties totaling more than 2.6 million square feet to the portfolio, bringing its SoCal portfolio to 33 assets comprising 5.4 million square feet.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


