California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Liberty Swings City of Commerce Deal for $93M
Malvern, PA-based Liberty Property Trust acquired a 400,169-square-foot industrial building in the City of Commerce, CA for $92.7 million. The fully-leased property is located at 5959 Randolph St.
Cushman & Wakefield’s Mike Condon, Jr. and JLL’s Zac Sakowski represented the buyer. The seller was undisclosed.
Liberty Property Trust’s Erin Plourde says, “This particular acquisition is our first in Central Los Angeles. It provides another link in the chain we are building from the Ports of Los Angeles and Long Beach to the Inland Empire.”
Liberty also recently purchased three industrial buildings including:
– a 702,668-square-foot building at 1221 N. Alder Ave. in Rialto for $94.2 million
– a 210,710-square-foot building at 16325 Avalon Blvd. in Carson for $46.3 million
– a 149,650-square-foot building at 2459 Almond St. in Redlands
In Q1 2018, Liberty is also slated to complete its first industrial development project in the market, a 156,263-square-foot building at 9724 Alabama St. in Redlands.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


