California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Northwestern Mutual Divests Los Alamitos Asset to Alere for $129M
Pension fund advisor Alere purchased Los Alamitos Corporate Center in Los Alamitos, CA from Northwestern Mutual for $128.5 million. Located at 4332-4478 Cerritos Ave., 10541-10681 Calle Lee and 4392-4465 Corporate Center Dr., the property is comprised of 17 buildings on a 36.9-acre lot in the Mid-Counties industrial submarket.
The 685,588-square-foot industrial complex is 98% leased, and currently home to 82 tenants with strong historical occupancy. The buildings range from 11,788 to 134,186 square-feet.
CBRE’s Darla Longo, Barbara Perrier, Brett Hartzell, Rebecca Perlmutter Finkel, Eric Cox and Laird Perkins represented the seller.
Perrier says, “This offering was a unique opportunity to acquire a high-performing asset in the tight Southern California industrial market. This rare asset in an infill market provides the buyer stable cash-flow, due to the strong historical tenancy that Los Alamitos Corporate Center has enjoyed.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


