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CBRE Sells 5-Acre Industrial Site in Arcadia
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A nearly five-acre industrial site in Arcadia, CA has sold for $10.5 million. C.E.G. Construction, a local investor/developer, picked up the property from Grey Light LLC.
Located at 11621-11633 Clark St., the site includes roughly 31,400 square feet of office and industrial space across four multi-tenant buildings, and three acres of paved and secured yard area.
CBRE’s Anthony DeLorenzo, Mark Shaffer, Gary Stache, and Doug Mack represented the buyer. The CBRE team also represented the seller.
“Demand for industrial properties is at an all-time high, with incredible interest from developers, REITs, and 1031-exchange investors,” said DeLorenzo. “The unique property size is a big advantage given the limited supply of industrial-zoned land in the San Gabriel Valley.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


