Luke J. Petherbridge Of Link Logistics Acquires Industrial Asset In City Of Industry For $65.2M

The transaction involved a 200,000 SF industrial building located at 18045 Rowland Street in the City of Industry. The sale price for the property was $65,200,000, translating to a price per square foot of $326.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $65,200,000
• Buyer: Luke J. Petherbridge - Link Logistics
• Seller: MSI Computers Corp.
• Broker: CBRE
• Lender: CTBC Bank
• Loan Amount: $36,000,000
• Investment for Expansion: $33,000,000

MSI Computers Corp. acquired the property from Blackstone’s Link Logistics to expand its U.S. production lines, with plans to invest significantly in the site located near its headquarters.