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4/27/16
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Global Agri-Trade Corporation purchased a recently completed, 62.5k sf industrial building in unincorporated Los Angeles County. The new building provides approximately 57k sf of warehouse and 5k sf of office space.
Located on 2.8 acres at 15500 S. Avalon Blvd, the property was developed by Panattoni Development Company Inc. Global Agri-Trade Corporation will relocate its warehouse and office space, now located in La Mirada and Long Beach, to this single location, which will provide greater overall efficiencies for the international firm by consolidating its operations and corporate uses.
Global Agri-Trade Corporation was represented in the purchase by NGKF Managing Director Christopher Beck and Senior Managing Director Ryan Harding. The seller, Panattoni Development Company Inc., represented itself. The price was not disclosed.
Global Agri-Trade Corporation, a joint venture of Bhatt Holdings and Nagel family, with offices in Canada, Singapore, Malaysia, India, and Germany, is the leading importer and distributor of certified sustainable, packaged, non-GMO oils for food manufacturing, palm oil products for animal nutrition, and coconut oils.
“The tenant was interested in this building even before it was built. The unique building footprint, strategic location and ability to separate Global Agri-Trade’s two businesses in one warehouse were all significant attractions to the project. The overall efficiency they will achieve in the new building will improve their business operations and help them to service customers better for many years to come,” Beck said.
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