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IDS Snags Fully Leased Azusa Industrial for $126M
Cushman & Wakefield advised on the sale of Azusa Industrial Center, a 432,500-square-foot, three-building industrial project located in Azusa. Built during the mid-1980s and situated on over 23.6 acres, the multi-tenant property is 100% leased and was acquired by IDS Real Estate Group for $126 million.
A Cushman & Wakefield team of Jeffrey Cole, Jeff Chiate, Rick Ellison, Mike Adey, Brad Brandenburg, Matt Leupold, and Bryce Aberg represented the seller. Phil Lombardo and Chris Tolles with Cushman & Wakefield also provided local market leasing expertise.
“Azusa Industrial Center is a strong-performing and rare ultra-core infill industrial asset with a premier San Gabriel Valley location that is fully leased to four high quality tenants across a variety of key industries, including warehousing/distribution, logistics and food & beverage,” said Cole. “Offering a flexible range of suite sizes, the property offers a ground-zero industrial logistical location.”
- ◦Sale/Acquisition


