Overview

• MetLife Investment Management closed the disposition of three Southern California industrial assets in separate transactions totaling $165.5 million.
• TA Realty acquired The Concourse in the City of Industry, a roughly 421,000-square-foot industrial business park.
• Terreno Realty bought the fully leased Redondo Beach Two Pack, totaling about 99,000 square feet.
• GID purchased the Carlsbad Oaks Business Park in Carlsbad, a two-building property of roughly 78,000 square feet.
• Cushman & Wakefield represented the seller and cited market resilience as Greater L.A. vacancy reached 4.8% in Q2 with about 4.5 million square feet under construction and year-to-date leasing near 16.2 million square feet.