REBusinessOnline

FIRST INDUSTRIAL ACQUIRES TWO INDUSTRIAL FACILITIES

RANCHO DOMINGUEZ, CALIF. — First Industrial Realty Trust Inc. has acquired two industrial facilities in Rancho Dominguez. In the first transaction, First Industrial purchased a 122,000-square-foot bulk distribution center, which is located at 2960 E. Victoria St., through a sale-leaseback transaction. The property was acquired through First Industrial’s Development and Repositioning joint venture with the California State Teachers’ Retirement System (CalSTRS). In the second transaction, the company acquired a 23,000-square-foot truck terminal, which is located at 19021 S. Reyes Ave. First Industrial plans to redevelop the property by expanding the building and adding more than 20 dock-high doors. Additional details about the transactions were not disclosed. Steve Sprenger of Grubb & Ellis and Mike Gibbs of Burr & Temkin assisted in the acquisition of 2960 East Victoria; Jeff Smart and Blake Tippett of Grubb & Ellis assisted in the acquisition of 19021 South Reyes.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties