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BIRTCHER DEVELOPMENT, CORNERSTONE ACQUIRE INDUSTRIAL PROPERTY

SANTA FE SPRINGS, CALIF. — Birtcher Development & Investments has partnered with an institutional investor represented by Cornerstone Real Estate Advisers LLC to acquire a 608,220-square-foot industrial property in Santa Fe Springs for $68 million. Located at 9400 Santa Fe Springs Rd., the property sits on a 22.86-acre site and serves as a warehouse/distribution center for its existing tenant. Clyde Stauff of Colliers-Seely represented the buyer and the seller, Northwestern Mutual Life Insurance Co., in the transaction.

Content Partners
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‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
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‣ Walker & Dunlop

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