 |
| Kristen Bowman |
CARLSBAD,
CA and REDONDO BEACH, CA – In the first 30 days of 2021,
leading real estate investment company EverWest Real Estate Investors has
completed almost $50 million in commercial real estate transactions in Southern
California.
 |
Erik Good.
|
Representing two industrial and flex/office
assets – one in Redondo Beach and one in Carlsbad – the activity underscores a
steady demand for high-quality, West Coast investment opportunities. |
3209 Lionshead Ave. Carlsbad, CA
|
In Carlsbad,
EverWest has completed the $25.25 million acquisition of 3209 Lionshead Ave.
The 74,774-square-foot industrial headquarters is fully occupied under a
long-term lease by prAna Living, a subsidiary of Columbia Sportswear.In Redondo
Beach, EverWest has completed the $24 million sale of LINQ, a
50,000-square-foot creative office project located at 2400 Marine Ave., just
south of El Segundo and adjacent to Manhattan Beach, I-405 and the Redondo
Beach MetroLink.
 |
| Steve Solomon |
“The
prAna headquarters gives us a long-term credit investment in a high-demand
Southern California location,” said EverWest Managing Director of Acquisitions Erik
Good. “In
spite of an uncertain economy, this region continues to experience notable deal
volume and stability. San Diego County, in particular, achieved more than 2.3
million square feet of net absorption in 2020 and sustained steady rent growth,
driven by life sciences and distribution companies.”
Built
in 2009, the parAna headquarters includes a 24’ clear height warehouse and
modern creative offices, 130’ truck court, three dock high and four drive-in
doors, and proximity to I-5 and I-15.
EverWest
acquired LINQ in 2017 in a joint venture purchase with Chilean-based Frontal
Trust, an alternative asset management firm with a focus on
real estate, private equity in financial services, private debt and
infrastructure investments.
 |
Andrew Harper
|
The
property has a single-story, bungalow-style design with private tenant
entrances, glass roll-up doors, a modern lobby, indoor/outdoor workspaces,
tenant common area with a furnished deck, and a wrap-around boardwalk.Following
acquisition, EverWest built out and leased approximately 10,000 square
feet of available space at LINQ as two move-in-ready office suites. The
building is now 100 percent occupied, including two national credit tenant
anchors.
“LINQ
achieved our value-add objectives and secured a sale that exceeds pro forma
returns, even during the height of COVID,” said EverWest Managing Director of
Asset Management Amr Ceran.
 |
| Rick Reeder |
Steve
Solomon, Kristen Bowman and Andrew Harper represented
EverWest in the LINQ transaction. The buyer was a high-net-worth investor.EverWest
represented itself in the Lionshead Avenue acquisition. Rick Reeder, Brad
Tecca and Aric Starck of Cushman and Wakefield represented the property
sellers, Graymark Capital and Blue Vista.
EverWest
continues to seek out value-add acquisition opportunities in U.S. growth
markets.
About
EverWest Real Estate Investors LLC
EverWest
Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is
a real estate investment and operating company based in Denver, Colorado.
 |
| Brad Tecca |
The
company’s goal is to create significant value for investors through a
combination of capital appreciation, strategic acquisition, development,
capitalization, repositioning and management of commercial real estate assets.
For
more information on EverWest, please visit www.everwest.com. For more information
on GWL Realty Advisors, visit www.gwlra.com.
Contact:
Stacey Hershauer
focusAZ
P 480.600.0195
www.focusaz.com
