May 9, 2020 Comments Off on Brookfield Buys Seven-Property Southwest Industrial Portfolio for $25M Views: 910 National News, Southwest

Brookfield Buys Seven-Property Southwest Industrial Portfolio for $25M

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Brookfield Property Group acquired seven single-tenant industrial properties from privately-owned investment firm, Lowenberg Corporation. The multi-state industrial portfolio was purchased for $24.765 million.

The properties are located in key infill locations in top U.S. metropolitan areas; including Anaheim, San Diego, Denver, Phoenix, Las Vegas, Sacramento and Austin. Cumulatively, the properties are situated on 13.22 total acres of land and occupy roughly 80,069 square-feet. All are fully-leased to Penhall Corporation and currently operated as equipment yards with small industrial buildings on-site.

Colliers’ Michael Kendall, Greig Lagomarsino and Gian Bruno represented the seller in the transaction. The buyer was self-represented.

Addresses and square footage for each property are:

  1. 5775 Eastgate Dr., San Diego, 6,400 square feet
  2. 8416 Specialty Circle, Sacramento, 7,500 square feet
  3. 4755 W. University Ave., Las Vegas, 9,900 square feet
  4. 3801 E. Wood St., Phoenix, 12,877 square-feet
  5. 1385 Umatilla St., Denver, 14,830 square feet
  6. 4201 Felter Lane, Austin, 8,000 square feet
  7. 1801 Penhall Way, Anaheim, 20,562 square feet

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