West Harbor Completes Deal for City of Industry Distribution Property
West Harbor Capital, a real estate investment firm focused exclusively on infill industrial properties, closed the $16.5-million acquisition of a 69,498-square-foot multi-tenant distribution facility located at 14313-14351 E Bonelli St. in the City of Industry.
Lee & Associates’ Steffan Morris and Eric Parkhurst represented West Harbor Capital, while CBRE’s Kent Stalwick represented the seller, Earl M. Hill Limited Partnership. The property was bought with a 28,240-square-foot vacancy and 41,258 square feet leased to two logistics tenants.
“It was a tremendous team effort to creatively structure the all-cash transaction and quickly close to meet the seller’s year-end closing target,“ said West Harbor Capital managing partner and co-founder Adam Deierling. “Looking ahead, we plan to modernize the property and reposition the current vacancy.“
Added managing partner and co-founder Eric Ruehle, “We expect to aggressively expand our presence over the next 18 months and believe it’s an opportune time for West Harbor to capture market share while creating value for our partners.”
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).