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Prologis Acquires Foothill Ranch Industrial Asset for $55M
Prologis Inc. acquired a Class-A industrial property in Foothill Ranch, CA, from Institutional Advisor for $55.37 million. The warehouse and distribution building, at 50 Icon in South Orange County, totals 307,781 square feet.
The structure, which can be divided into separate 158,000 square-foot and 149,000 square-foot units, is currently 100% leased by Hampton Products International. The developer and manufacturer of locks, residential hardware, lighting, and travel security products has been in the building for 14 years, with a lease that expires in 2023.
The property features 30-foot clearance, ESFR sprinklers, 45 dock-high doors for loading, 471 parking stalls and a 36,630 square-foot office space.
CBRE’s National Partners West Coast team of Darla Longo, Barbara Perrier, Brett Hartzell and Rebecca Perlmutter Finkel represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


