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8/29/25
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A collection of three industrial properties totaling nearly 600k sf and known as the Golden Coast Portfolio was acquired by different buyers in three separate transactions totaling $165.5 mil. The portfolio consists of properties in Redondo Beach, Carlsbad and the City of Industry.
The Concourse, City of Industry |
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One of the traded properties is The Concourse, a 420.7k sf industrial business park in the City of Industry. The property boasts 69 dock-high doors, nine grade-level doors and a 160-foot truck court. Its location provides immediate freeway access and proximity to the Ports of Los Angeles and Long Beach, making it ideal for distribution and logistics operations. The property was acquired by TA Realty.
The Redondo Beach Two Pack is a 99.3k sf property that features 16 dock-high doors, three grade-level doors and a clear height of 16 feet. The property is strategically located near the Los Angeles International Airport and major freeways, providing excellent connectivity for last-mile logistics. The Redondo Beach Two Pack was acquired by Terreno.
The third transaction was for The Carlsbad Oaks Business Park, a 78.1k sf property in Carlsbad that offers clear heights of 22 to 26 feet, grade and dock loading capabilities and an efficient warehouse and office layout. Its proximity to major transportation routes and San Diego's extensive amenity base enhances its appeal. The property was acquired by GID.
Cushman & Wakefield’s National Industrial Advisory Group of Jeff Chiate, Rick Ellison, Matt Leupold, Bryce Aberg, Aubrie Monahan, Jeff Cole and Charlie Jacobs represented the seller, MetLife Investment Management, and procured the buyers in the transactions.
"The Golden Coast Portfolio is an exceptional collection of properties situated in strategic locations across Southern California,” said Chiate. “Their positioning within key industrial hubs makes them highly sought-after investments."
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