JV COMPLETES 21-BUILDING INDUSTRIAL COMPLEX
HAWTHORNE, CALIF. — MS Kearny Northrop Avenue LLC, a partnership led by Kearny Real Estate Capital and Morgan Stanley Real Estate Fund V, has completed the construction of a 21-building industrial complex, totaling more than 203,000 square feet, located within Kearny’s Century Business Center in Hawthorne. The $45 million project comprises 21 buildings, which range in size from 5,700 to 20,700 square feet, featuring 24-foot clear ceiling heights, ground-level loading, individual fenced yards and office build-outs up to 2,000 square feet. Additionally, all the buildings are located within a 24-hour security, gated complex. Jeff Kernochan of Fischer Corporate Real Estate Services has been retained to market the property.