BEST INDUSTRIAL SALE DEAL OF THE YEAR
WEST VALLEY DISTRIBUTION CENTER
8901 Canoga Ave., Canoga ParkDeal Value: Confidential
West Valley Distribution Center is a 154,328 square foot singletenant distribution facility in Canoga Park. Newmark Executive managing directors Bret Hardy, Jim Linn and Andrew Briner; associate director Aaron Banks; and co-head, US capital markets Kevin Shannon represented the undisclosed seller. The buyer is an institutional investment firm. Located at 8901 Canoga Avenue, West Valley Distribution Center is strategically positioned on 7.7 acres in the North Los Angeles submarket. The property is fully leased on a long-term basis to Parts Authority, a leading tenant in the automotive aftermarket industry.
BEST INDUSTRIAL SALE
EASY STREET INDUSTRIAL CENTER
2401 N. Chain Dr., Bldg. 1, Simi Valley
Deal Value: $50.6M
The end user of to build out significant cold storage improvements to the property in order to meet their operational timing hurdles. The team structured a creative deal that would allow for the buyer to commence improvements while the shell building was still under construction. The end result is a state-of-theart cold storage and dry goods warehouse/delivery hub for a Class A tenant – a rare find in the market.
BEST INDUSTRIAL SALE
NOHO COLLECTION
4640-5200 Lankershim Blvd., North Hollywood
Deal Value: $45M
Newmark arranged to as “The Noho Collection” located in the North Hollywood submarket. Located in the NoHo’s Arts District, one of Los Angeles’ strongest “live, work, play” environments and situated on the “main and main” corner of Lankershim and Magnolia, 5200 Lankershim consists of 183,524 square feet and is 71% leased to a diverse mix of tech, entertainment and media tenants.