May 10, 2016 Comments Off on Prologis Divests 12-Building Carson Industrial Portfolio Views: 540 California News, Los Angeles, West

Prologis Divests 12-Building Carson Industrial Portfolio

San Francisco-based Prologis sold the 12-building, 450,000-square-foot Carson Industrial Center in Carson, CA to an undisclosed institutional real estate manager; parties involved would neither disclose the sales price nor the cap rate.

The nearly 22-acre infill site, located on Del Amo Blvd., is fully leased to 19 tenants, including Sourcecorp BPS, Coast Wire & Plastic Technology, and Illumination International. The single-story, free-standing structures range from roughly 13,000 square feet to nearly 88,000 square feet in a master-planned business park environment.

Cushman & Wakefield’s Jeffrey Cole, Jeffrey Chiate and Ed Hernandez represented the seller, and secured the buyer. Cole says, “Institutional-quality industrial assets, especially in groupings of this size, rarely come online in South Bay.”

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