Longpoint Realty Partners Acquires John Reed Commerce Center In City Of Industry For $80M

The John Reed Commerce Center, a 275,000-square-foot warehouse located at 1201 John Reed Court in the City of Industry, has been sold for $80 million. The property, previously owned by DWS Group, was acquired by Longpoint Realty Partners, expanding their presence in Southern California's industrial property market. It is currently 83% leased to 32 tenants.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $80,000,000
• Address: 1201 John Reed Court
• Market: City of Industry
• Square Footage: 275,000
• Buyer: Longpoint Realty Partners - Dwight Angelini, Nilesh Bubna, Reid Parker & Robert Provost
• Seller: DWS Group - Stefan Hoops
• Brokers: Jeff Chiate & Jeff Cole - Cushman & Wakefield

Longpoint Realty Partners, with key individuals Dwight Angelini, Nilesh Bubna, Reid Parker, and Robert Provost, acquired the John Reed Commerce Center from DWS Group. The deal was facilitated by brokers Jeff Chiate and Jeff Cole from Cushman & Wakefield.