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CBRE Completes Sale-Leaseback with Seafood Producer-Distributor
CBRE completed the sale and leaseback of a three-property industrial portfolio located in the core markets of Los Angeles and New York City. The 139,713-square-foot portfolio is fully leased to Aquamar Holdings, a newly formed platform in the surimi seafood market.
The three properties in the portfolio are industrial food-grade production and distribution facilities, with a freezer-cooler component. The locations are 9121 Utica Avenue and 10888 7th Street in Rancho Cucamonga, CA., and 100 Raskulinecz Road, Carteret, NJ.
CBRE Corporate Capital Markets Andrew Sandquist, JC Asensio and Briggs Goldberg represented the unnamed Michigan-based seller in the transaction. The buyer is an undisclosed New York-based public REIT.
CBRE’s Asensio says, “The strong interest in the offering further evidences the robust demand for industrial investments in core-plus submarkets serving gateway cities like Los Angeles and New York City.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
- ◦Lease


