From Los Angeles Business Journal · staff-author · · 40s
J.P. Morgan Buys $177M Warehouse Complex
J.P. Morgan acquires Santa Fe Springs warehouses for $177 million, setting new LA County industrial sales record.
In brief
J.P. Morgan acquires Santa Fe Springs warehouses for $177 million, setting new LA County industrial sales record. J.P. Morgan Asset Management purchased Prudential Financial's 15614-15620 and 15700 Shoemaker Ave. warehouses for $176.5 million, surpassing previous record of $123 million. Originally reported by Los…
J.P. Morgan Acquires Warehouses
J.P. Morgan Asset Management purchased Prudential Financial's 15614-15620 and 15700 Shoemaker Ave. warehouses for $176.5 million in Los Angeles County.
Record Industrial Sale
The deal exceeds LA County's previous industrial sales record of $123 million for Link Logistics' distribution center.
Triple-Net Lease Agreement
Breakthru Beverage Group signed a 10-year triple-net lease for 521,091 square feet across both buildings at $17.16 per square foot.
What to remember
J.P. Morgan Asset Management purchased Prudential Financial's 15614-15620 and 15700 Shoemaker Ave. warehouses for $176.5 million, surpassing previous record of $123 million.
