$96 million sale of Quest Diagnostics building closed by HFF in Santa Clarita, CA

Quest Diagnostics Lab and Offices, 27027 Tourney Road, Santa Clarita, CA

Ryan Gallagher

IRVINE, CA – HFF announced today that it has closed the $96 million sale of 27027 Tourney Road in Santa Clarita, California.  The property includes a 226,441-square-foot, Class A, state-of-the-art lab and office facility occupied by Quest Diagnostics in northern Los Angeles County, California.

HFF marketed the property on behalf of the seller, Clarion Partners.  The buyer is American Realty Capital Global Trust, Inc. 

Quest Diagnostics is the world’s leading provider of diagnostic testing and is one of the largest biomedical companies in the U.S.  Situated on a 14-acre site in Santa Clarita, the property is adjacent to Interstate 5 and is 40 miles from Los Angeles International Airport (LAX). 

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, managing director Mike McCann, director Andrew Harper and associate director Nick Foster. 

“This property is a true mission critical facility for the tenant.  We continue to see an abundance of liquidity for net lease opportunities across the country,” Gallagher said.

Andrew Harper

Clarion Partners has been a leading U.S. real estate investment manager for 32 years.  Headquartered in New York, the firm has offices in major markets throughout the U.S., in São Paulo, Brazil, and London, England, as well as a presence in Mexico. 

With more than $30 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.  

More information about the firm is available at www.clarionpartners.com.

American Realty Capital Global Trust, Inc. (“ARC Global”) is a global sale-leaseback focused real estate investment trust.  

ARC Global seeks to purchase commercial properties with the objective of building a diversified pool of assets, emphasizing corporate sale-leaseback transactions involving single tenant properties.  

ARC Global’s primary geographic targets are concentrated in both the United States and Europe, with the remaining balance purchased elsewhere internationally.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com