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California  + Los Angeles  + Industrial  | 

Cushman & Wakefield Completes One of 2019’s Largest Industrial Sales

New York-based Clarion Partners LLC acquired 14001-14051 Rosecrans Ave. in La Mirada for $76.8 million, or $228-per-square-foot, on behalf of a separate account client. The transaction ranks among Los Angeles County’s top five largest industrial investment sales of 2019, according to Cushman & Wakefield.

The two-building 337,125-square-foot Class A infill project spans 14.35 acres and features 30-foot clear heights, an ESFR fire sprinkler system, large truck courts, and major street frontage along Rosecrans Ave.

Cushman & Wakefield’s Jeff Chiate, Jeffrey Cole, Mike Adey, Ed Hernandez, and Brad Brandenburg represented the seller, Foster City, CA-based Bailard, Inc., with CushWake’s Rick Ellison and Mike Foley serving as market advisors.

Chiate says, “The offering represented a rare and sizable institutional-quality industrial project located in an infill location with significant barriers to entry. This was an opportunity to acquire an asset with stable in-place cash flow and extraordinary upside potential, with average in-place rents well below current market rents.”

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Clarion Partners LLCConnect With Bailard, Inc.Connect With Cushman & Wakefield’s Chiate

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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