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.
PR & Communications Specialist | Southwest
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