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| Costa Mesa, CA Industrial Property |
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| Trent Walker |
Pacific
Industrial closed on this property with one of its key institutional partners,
a private equity fund advised by Crow Holdings Capital.
Trent
Walker, an Executive Vice President with Voit
Real Estate Services, represented Pacific Industrial as the buyer in
the off-market acquisition.
Dan
Floriani, Co-Founder of Pacific Industrial explains,
"This investment is perfectly aligned with our company’s ongoing strategy
to acquire irreplaceable assets in exceptionally well located pockets that will
attract a wide variety of users.”
The property is
well positioned for value creation, according to Floriani, who points to its
direct frontage on the Orange County airport, easy access to several freeways,
and location in a highly affluent pocket of the Orange County Airport submarket
as factors that made the asset an ideal target for his firm, and for future
tenants.
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| Dan Floriani |
One of the
property’s buildings is home to the U.S. headquarters of RipCurl, a major
Australian designer, manufacturer, and retailer of surfing sportswear. The
second building was recently vacated by Karma, offering the opportunity for a
valuable renovation and repositioning in the market, according to Floriani.
For more information, please contact:
Jordan Kruk/Jenn Quader
(949) 955-7940
jkruk@brower-group.com
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