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CITY OF INDUSTRY AND COMMERCE, CALIF. — Boston-based Longpoint has purchased three industrial buildings in Los Angeles County totaling 321,479 square feet. The properties all feature vacancy rates of two percent or less.
The properties include:
- John Reed Commerce Center, a 275,600-square-foot infill industrial park in City of Industry.
- 2854 Supply Ave., a 24,968-square-foot industrial building in Commerce.
- 6480 Corvette St., a 20,911-square-foot cold-storage property with 8,000 square feet of cooler space and 1,344 square feet of covered refrigerated dock-high loading in Commerce.
Cushman & Wakefield National Industrial Advisory Group brokered the transaction for John Reed Commerce Center, and Alex Blecksmith of Colliers brokered the transactions for 2854 Supply Ave. and 6480 Corvette St.