Anaheim Industrial Asset Trades for $188M
ByBentall Kennedy has acquired a 965,255-square-foot industrial asset from Clarion Partners and Panattoni Development.
Anaheim Concourse
Anaheim, Calif.—In one of the largest industrial deals in Orange County this year, CBRE Group arranged the sale of the recently constructed 965,255-square-foot Anaheim Concourse industrial property in Anaheim, Calif., to Bentall Kennedy for $188.2 million.
The property on North Miller Street in the hot North Orange County submarket was completed last year by Panattoni Development Co. and Clarion Partners LLC. It consists of seven Class A industrial buildings that are 86 percent leased. The lease rollover is staggered with the first set to expire in January 2021 and less than 20 percent of the development’s square footage to roll in any year through 2026…
Anaheim Industrial Asset Trades for $188M
