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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
- ◦Sale/Acquisition


