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California  + Los Angeles  + Industrial  | 

Transformed 44-Year-Old SFV Industrial Facility Trades for Record Price

Boston-based TA Realty sold a recently-renovated, 44-year-old, 146,516-square-foot building in Los Angeles’ west San Fernando Valley to an affiliate of Exeter for more than $28.5 million, according to public records. The transaction establishes a new per-square-foot pricing benchmark, while showcasing the strong appetite buyers have for value-add industrial properties in the greater Los Angeles area.

Located in Chatsworth at 9140 Lurline Ave., the structure was the last available for sale in the entire San Fernando Valley totaling 100,000 square feet or more, officials noted. Brokers say this particular transaction may well radically change pricing structures for industrial properties.

“This transaction will impact the pricing structure on industrial properties both here in the San Fernando Valley, and, likely, throughout Southern California,” said Colliers International’s John DeGrinis, who led the brokerage team representing the seller in negotiations, along with Patrick DuRoss and Jeff Abraham.

NAI Capital’s David Young and Chad Gahr represented the buyer.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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