The former Farmer John meatpacking plant in Los Angeles has been sold to Goodman North America for over $206 million, making it one of the largest industrial deals in the city this year. Spanning 29 acres, the property presents a significant opportunity for development in a region where available land is limited. Goodman Group plans to transform the site into a larger industrial park, catering to the growing demand for industrial space in the area.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $206,000,000
• Address: 3049, 3095 & 3163 East Vernon Avenue
• Market: Los Angeles
• Acres: 29

The buyer, Goodman North America, acquired the property from the seller, Smithfield Foods. The deal was facilitated by brokers Michael Kendall, Gian Bruno, and Kenny Patricia from Colliers International. With their expertise and industry knowledge, the Colliers International team played a crucial role in ensuring the successful completion of the transaction.