LBA Realty Acquires Industrial Property From Delta Galil Industries For $29 Million In Vernon

LBA Realty acquired a 220,000-square-foot industrial property located at 4440 E 26th St, Vernon, CA, 90058, from Delta Galil Industries for $29,000,000. The property consists of a creative office space encompassing 30,000 square feet and serves as the U.S. corporate headquarters for 7 For All Mankind, a luxury denim brand. The purchase price translates to approximately $132 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,000,000
• Square Footage: 220,000
• Address: 4440 E 26th St, Vernon, CA, 90058
• Market: Vernon
• Buyer's Representative: Paul Sablock, JLL
• Buyer: LBA Realty
• Seller: Delta Galil Industries

Paul Sablock of JLL represented both LBA Realty and Delta Galil Industries in this transaction, but declined to comment on the deal specifics. The information regarding the deal was supported by insights from a Vernon industrial broker familiar with the transaction.