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| Fife Business Center, a 65,342 square-foot, two-building industrial park in the greater Puget Sound metro submarket of Fife, WA |
ORANGE COUNTY, CA – MCA Realty, a full-service real estate investment and management company based in Orange County, California, has announced the recent acquisitions of three assets: one in Fife, Washington and two in Las Vegas, Nevada for a total consideration of $16 million.
The three assets were acquired through the firm’s fund, ‘MCA Realty Industrial Growth Fund, LP’ [MCA], which met its target of $50 million in equity commitments within just three months, according to Tyler Mattox, Principal at MCA Realty.
MCA continues to be bullish in the industrial sector, targeting value-add industrial assets throughout the western U.S. and strengthening their portfolio with these sixth, seventh, and eighth additions to its fund.
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| Tyler Mattox |
Mattox notes that industrial net absorption nationally totaled more than 120 million square feet in Q3, a 135% increase over the same period last year.
The three recent acquisitions include:
MCA Realty has acquired Fife Business Center, a 65,342 square-foot, two-building industrial park in the greater Puget Sound metro submarket of Fife, Washington, for $10.4 million in an off-market transaction.
This asset is the firm’s third acquisition in Washington and is located at 4624 and 4630 16th Street in East Fife, Washington.
Joel Jones and Nick Ratzke with Neil Walter Company represented MCA Realty as the buyer in the transaction.
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| Windy Road Warehouses, Las Vegas, NV |
The asset is located at 6460, 6466, 6472, 6478 Windy Road in Las Vegas, Nevada. Kevin Higgins and Sean Zaher at CBRE represented both parties in the transaction.
MCA Realty has also acquired 3.68 acres of land in Las Vegas, Nevada for $2.24 million.
Dan Doherty, Jerry Doty, Chris Lane and Paul Sweetland with Colliers International represented both parties in the transaction.
Contacts:
Tess Hezlep / Katie Haga
(949)
438-6262
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