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1/06/15
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In a major acquisition in northern LA County, American Realty Capital Global Trust Inc paid $96 mil for a 226.4k sf ($424/sf), state-of-the-art lab and office facility occupied by Quest Diagnostics in Santa Clarita. The Class A property, located at 27027 Tourney Rd, east of I-5 and north of Valencia Blvd, was sold by Clarion Partners.
Quest Diagnostics is the world’s leading provider of diagnostic testing and is one of the largest biomedical companies in the U.S. Situated on a 14-acre site in Santa Clarita, the property is adjacent to I-5 and is 40 miles from Los Angeles International Airport (LAX).
HFF senior managing director Ryan Gallagher, managing director Mike McCann, director Andrew Harper and associate director Nick Foster represented the seller in the transaction.
“This property is a true mission critical facility for the tenant. We continue to see an abundance of liquidity for net lease opportunities across the country,” Gallagher said.
Clarion Partners has been a leading U.S. real estate investment manager for 32 years. Headquartered in New York, Clarion Partners has offices in major markets throughout the U.S., in São Paulo, Brazil, and London, England, as well as a presence in Mexico. The company has more than $30 bil in total assets under management.
American Realty Capital Global Trust Inc is a global sale-leaseback focused real estate investment trust. The company seeks to purchase commercial properties with the objective of building a diversified pool of assets, emphasizing corporate sale-leaseback transactions involving single tenant properties.
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