Pacific Industrial Acquires 10 Acres In City Of Industry From Reuland Electric Co. For $44M

Pacific Industrial has purchased 10 acres of land located at 17969 Railroad Street in the City of Industry. The company plans to develop a 215,000 square foot speculative industrial facility called the Pacific Railroad Center. Construction is scheduled to commence in 2024 and is expected to be completed by 2025. The property was acquired from Reuland Electric Co. for a total of $44 million.

Summary of transation details

• Property Type: Land
• Transaction Amount: $44,000,000
• Address: 17969 Railroad Street
• Market: City of Industry
• Acres: 10

Pacific Industrial, represented by Dan Floriani, was the buyer in this transaction. On the other hand, Grant Bibby, representing Reuland Electric Co., acted as the seller. The purchase of the property marks Pacific Industrial's bold move to expand its presence in the City of Industry, showcasing their commitment to developing a state-of-the-art industrial facility.