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1/28/21
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West Harbor Capital has closed two investment vehicles: a programmatic joint venture with an institutional investor and a private capital fund, WHC Value Fund. West Harbor specializes in acquiring and repositioning infill industrial properties located throughout Southern California.
“Both investment vehicles are strategically positioned to acquire value-add, last-mile and logistics focused properties throughout Southern California,” said Adam Deierling, Managing Partner, West Harbor Capital. “This elevates our investment platform and provides a strong foundation as we aggressively expand our portfolio.”
With these two new investment vehicles, West Harbor Capital has acquired an 85k sf industrial facility located on 4.12 acres, along with 3.84 adjacent acres on a long-term ground lease. The property is located in the City of Industry in the San Gabriel Valley.
The facility, built in 1980, is currently 100% occupied by Cenveo, a world leader in the management and distribution of print related offerings. The logistics-focused property benefits from its proximity to the intersection of the 605 and 10 freeways, providing efficient access to the Ports of Los Angeles and Long Beach, Los Angeles International Airport, and the greater Southern California consumer base.
Paul Sablock with JLL represented both the buyer and seller in the deal.
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