Santa Fe Springs, California – JLL represented Western Realco in the sale of two newly constructed industrial buildings totalling approximately 96,464 square feet to two different buyers for $14 million. The sales represent the first industrial sales of newly constructed buildings in Los Angeles County in 2014.
Rockman Company USA acquired a 52,032-square-foot industrial building located at 12011 Smith Avenue. Additionally, D & L CA Holdings, LLC acquired a 44,432 industrial building located at 12039 Smith Avenue.
“The Mid-Counties industrial market continues to enjoy increasing sale prices as demand continues to be robust and the supply of available buildings has dwindled, said McDaniel “There is no doubt that we are definitely in a seller’s market today.”