Los Angeles, Calif., February 14, 2022 – Colliers today announced the recent sale of a 117,000 square-foot industrial building located at 2800 Casitas Avenue. Representing both parties in an off-market investment sale, executive vice presidents Matt Dierckman, David Harding, Greg Geraci, and senior vice president, Billy Walk, brokered a substantial $43,000,000 deal resulting in Rexford Industrial’s acquisition of the property from Pan Am Equities.
Located in the San Fernando Valley submarkets of Burbank and Glendale, adjacent to Los Angeles, the transaction speaks to a more significant trend in buyers seeking industrial investment opportunities in the San Fernando Valley—an area seeing a substantial influx of entertainment and creative tenants. Initially built in 1998, the concrete tilt-up building is considered highly functional and desirable in a dense infill market, featuring a 24’ clearance, dock-high loading, and immediate access to the 5 and 2 freeways.
David Harding, Greg Geraci, Matt Dierckman, and Billy Walk regularly execute more than 100 transactions per year by collaborating effectively. The team enjoys a dominant presence and awareness in the marketplace. The team has built its success through hard work and consistently exceeding client expectations.
Media Contact:
Leanne Daly
PR & Communications Specialist | Southwest
Leanne.Daly@colliers.com
760-930-7941
About Colliers
Colliers is a leading diversified professional service and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize property's potential and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers, or LinkedIn.