REBusinessOnline

Gramercy Property Trust Acquires Industrial Project in Santa Fe Springs for $27M

LOS ANGELES — Gramercy Property Trust has purchased a 208,167-square-foot industrial project in the Los Angeles submarket of Santa Fe Springs for $27 million. The facility is located at 13132 Lakeland Road, 10947 Painter and 11010 Shoemaker Ave. It is fully leased to Votaw Precision Technologies. Jeff Chiate, Jeffrey Cole, Ed Hernandez and Mike Adey of Cushman & Wakefield’s National Industrial Advisory Group represented the seller, Double Run LP, in this transaction.

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