TA Realty Terreno And GID Acquire Industrial Assets From MetLife Investment Management For $165.5M

The transaction involved an industrial asset located at 1118-1116 Coiner; 18505-18571 Gale Ave, 3700 & 3730 Redondo Beach Ave & 2791 & 2793 Loker Ave within the City of Industry, Redondo Beach & Carlsbad markets. The sale price was $165,500,000, which amounts to approximately $277 per square foot, covering a total square footage of 598,180.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $165,500,000
• Location: 1118-1116 Coiner; 18505-18571 Gale Ave, 3700 & 3730 Redondo Beach Ave & 2791 & 2793 Loker Ave
• Market: City of Industry, Redondo Beach & Carlsbad
• Square Footage: 598,180
• Price Per Square Foot: $277
• Buyer: TA Realty, Terreno & GID
• Seller: MetLife Investment Management
• Seller's Representative: Jeff Chiate, Rick Ellison, Matthew Leupold, Bryce Aberg, Jeff Cole, Charlie Jacobs & Aubrie Monahan - Cushman & Wakefield

The deal featured multiple prominent individuals representing the seller, including Jeff Chiate, Rick Ellison, Matthew Leupold, Bryce Aberg, Jeff Cole, Charlie Jacobs, and Aubrie Monahan, all from Cushman & Wakefield. The buyers, TA Realty, Terreno, and GID, were involved in acquiring this significant industrial asset, marking a notable transaction in the region.