Prologis Acquires Industrial Property In Downtown Los Angeles From Greyhound Lines For $90M

An industrial property located at 1716 East 7th Street in Downtown Los Angeles has been sold in a transaction that closed on December 30, 2020. The property, spanning 361,548 square feet, was sold for a total of $90,000,000, resulting in a price per square foot of $248. The buyer in this transaction was Prologis, while the seller was Greyhound Lines.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $90,000,000
• Square Footage: 361,548
• Price Per Square Foot: $248
• Address: 1716 East 7th Street, Downtown Los Angeles

Representing the buyer, Prologis, in this transaction were Jon Reno, Mark Vanis, and Trevor Gale from Kidder.Mathews. They acted as the buyer's representatives in the deal.