Hines Buys 2 San Diego-Area Industrial Facilities for $77M
Hines Buys 2 San Diego-Area Industrial Facilities for $77M
Abstract
Hines Buys 2 San Diego-Area Industrial Facilities for $77M.
- Industrial |
- Investment |
- News |
- West |
- Cushman-Wakefield |
- Hines |
- JLL |
- Murphy-Development-Group-LLC
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The company is expected to acquire two other properties at the same industrial park.
The post Hines Buys 2 San Diego-Area Industrial Facilities for $77M appeared first on Commercial Property Executive.
The company is expected to acquire two other properties at the same industrial park.
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The company bought three parcels totaling 11.6 acres .
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The facilities are approximately 2 miles northeast of the Los Angeles International Airport.
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The facilities are approximately 2 miles northeast of the Los Angeles International Airport.
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The seven-property portfolio is fully occupied by a diverse tenant roster.
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JLL Capital Markets represented the company in the off-market transaction.
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JLL Capital Markets represented the company in the off-market transaction.
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KKR purchased Corner Ridge Crossing through its Americas opportunistic equity real estate fund.
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The property is fully leased to Wenzlau Engineering.
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The property is fully leased to Wenzlau Engineering.
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CBRE brokered the sale and arranged the financing for the 258,122-square-foot industrial facility.
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CBRE brokered the sale and arranged the financing for the 258,122-square-foot industrial facility.
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Continuing its acquisition surge, the company expanded its footprint with the purchase in this western suburb.
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Continuing its acquisition surge, the company expanded its footprint with the purchase in this western suburb.
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Construction on the first building is expected to be complete in the fourth quarter.
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Construction on the first building is expected to be complete in the fourth quarter.
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