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Cushman & Wakefield has successfully arranged the sale of the Golden Coast Portfolio, a group of three industrial properties totaling nearly 600,000 square feet across Southern California. The assets, located in Redondo Beach, Carlsbad, and the City of Industry, were sold for a combined total of $165.5 million to three separate buyers.
The National Industrial Advisory Group, consisting of Jeff Chiate, Rick Ellison, Matt Leupold, Bryce Aberg, Aubrie Monahan, Jeff Cole, and Charlie Jacobs, represented the seller, MetLife Investment Management, and also procured the respective buyers for each property.
The transactions include:
– TA Realty’s acquisition of the 420,697-square-foot Concourse Business Park in the City of Industry.
– Terreno Realty’s purchase of the 99,340-square-foot Redondo Beach Two Pack property.
– GID’s acquisition of 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 Jeff 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 the City of Industry.
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