Dedeaux Properties Closes Active 2022 with $800M in Deals
Calling it the “warehousing mecca”, Los Angeles-based industrial investment and development firm Dedeaux Properties enjoyed one of its busiest years ever, with more than $800 million in transaction activity in 2022, primarily in the Inland Empire. The firm has parlayed demand by putting nearly 900,000 square feet of industrial space into play in 2023.
The company has also expanded to the north, acquiring a 12-acre development site at Tejon Ranch in Kern County. “Tejon Ranch is in a location that’s proven to represent a superior value proposition for regional users who need to move goods throughout the western United States,” said Dedeaux Properties’ Rishi Thakkar.
While recession continues to threaten the economy, Dedeaux COO Alon Kroft says consumer sales remained strong through the holiday season, and likely into 2023 as well. The company is looking to take advantage of that strength with future plans that include projects in Oakland and San Juan Capistrano, CA.
Pictured: Dedeaux project in IE town of Bloomington
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.