Xiaohu Du Of JIAHERB Acquires Industrial Facility From Jon Martin Of AEW Capital Management For $53.7M

A 130,925 SF Class A industrial facility located at 2929 East Imperial Highway, Brea, CA was sold for $53.7 million. The industrial asset spans 6 acres and features 11 dock-high doors and 32-foot clear heights, providing logistical advantages with its proximity to Highway 90. The property was completed in 2023 and is now owned by JIAHERB, which specializes in botanical extracts.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,700,000
• Buyer: Xiaohu Du - JIAHERB
• Seller: Jon Martin - AEW Capital Management
• Square Footage: 130,925 SF
• Price Per Square Foot: $410
• Acres: 6

The transaction was facilitated between Xiaohu Du, representing JIAHERB, and Jon Martin, representing AEW Capital Management. This sale reflects a strategic acquisition for JIAHERB, considering their operational needs and the facility's advantageous features.