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MetLife Investment Management Divests SoCal Industrial Portfolio for $165M
Cushman & Wakefield arranged the sale of the Golden Coast Portfolio, a collection of three industrial properties totaling nearly 600,000 square feet in Southern California. The portfolio, which includes properties in Redondo Beach, Carlsbad and City of Industry, was acquired by three separate buyers for a total price of $165,500,000.
The National Industrial Advisory Group of Jeff Chiate, Rick Ellison, Matt Leupold, Bryce Aberg, Aubrie Monahan, Jeff Cole and Charlie Jacobs represented the seller, MetLife Investment Management, and procured the buyers. TA Realty acquired the 420,697-square-foot Concourse business park in Industry; Terreno Realty purchased the 99,340-square-foot Redondo Beach Two Pack; and GID snapped up the 78,143-square-foot Carlsbad Oaks Business Park.
“The Golden Coast Portfolio is an exceptional collection of properties situated in strategic locations across Southern California,” said Chiate. “Their positioning within key industrial hubs makes them highly sought-after investments, and we are proud to have facilitated this significant transaction.”
Pictured: The Concourse in City of Industry.
- ◦Sale/Acquisition
