September 22, 2015 Comments Off on Albertsons Industrial Sites Hit Market for $250M Views: 901 California News, Los Angeles

Albertsons Industrial Sites Hit Market for $250M

Two Albertsons industrial sites are up for sale in Los Angeles County.

Jones Lang LaSalle, which is marketing the properties, says their value could reportedly reach around $250 million. One of the Albertsons industrial plots is 78 acres, along with a one-million-square-foot distribution center, in Santa Fe Springs. The other is a 92-acre site, which also has a one-million-square-foot warehouse, in El Monte. Both buildings are used by the Albertsons-owned Safeway and Vons chains.

Albertsons is looking for a short-term leaseback for the supermarket brands while a new owner gets approvals for redevelopment opportunities.

Read More at Los Angeles Business Journal

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