CT REALTY INVESTORS ACQUIRES INDUSTRIAL PORTFOLIO FROM BLACKROCK
More Than Four Million Square Feet Acquired in 18 Months
ALISO VIEJO, CA – May 3, 2012 – (RealEstateRama) — CT Realty Investors (www.ctrinvestors.com) of Aliso Viejo, Calif., in a partnership with American Realty Advisors of Glendale, Calif., announced it has acquired two fully leased industrial buildings located in two Los Angeles industrial markets for $18.5 million. The 234,961-square-foot industrial portfolio, with buildings located in Rancho Dominguez and City of Industry, was purchased from an investment entity of Blackrock (NYSE: BLK), an independent global investment manager with $3.5 trillion under management. With the Blackrock portfolio acquisition, CT Realty further enhances its Southern California industrial portfolio, topping four million square feet of acquisitions over the past 18 months.
CT Realty Investors represented itself and its partner American Realty Advisors (“ARA”) in the transaction. ARA, with almost $5 billion in assets under management, has been providing innovative real estate investment solutions to public and corporate pension funds, endowments, foundations and Taft-Hartley trust funds for more than 23 years. Blackrock was represented by Darla Longo, Barbara Emmons and Michael Kendall of CBRE Capital Markets with Tres Reid serving as the Rancho Dominguez market expert and Lynn Knox as the City of Industry market expert.
Carter Ewing, managing partner with CT Realty Investors, said, “This acquisition is fully leased and accretive to our overall portfolio. These are two of the strongest submarkets in the entire United States, and we are thrilled to partner with American Realty Advisors on such strategic assets.”
The 101,724-square-foot Rancho Dominguez distribution building, located at 3136 E. Victoria Ave., features 20 dock doors (all with full dock packages) and has 22’-24’-foot minimum clear height. The property is less than a mile from the I-710 and SR-91 freeways, with close proximity to the I-110 and I-405 freeways and the Ports of Long Beach and Los Angeles. The fully occupied building serves as headquarters to LMD Integrated Logistics, a fully integrated warehousing, distribution and transportation company offering services to domestic and international companies.
The City of Industry building, located at 14300 Bonelli St., is a 133,237-square-foot warehouse building located in the west end of the San Gabriel Valley submarket. The property features nine dock doors (all with full dock packages) and 22’ foot minimum clear height, and is strategically located with immediate access to the SR-60 and I-605 freeways with proximity to the I-10 freeway. DC Logistics occupies 100 percent of the building and is a third-party logistics company in the southwestern United States, providing truckload services, less than truckload services, warehousing storage, material handling, cross dock/transloading, custom inventory and supply chain management.
About CT Realty Investors
Since its establishment in 1994, Aliso Viejo, Calif.-based CT Realty Investors has completed more than 220 transactions with value in excess of $2.5 billion. The focus of CT Realty’s investment activities is to acquire well-located assets in major markets with the potential to enhance their value through a solid, hands-on management approach. For further information, contact Carter Ewing at CT Realty Investors at (949) 330-5777 or visit www.ctrinvestors.com.
About American Realty Advisors
American Realty Advisors is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisors Act of 1940, as amended, and is a leading provider of real estate investment management services to institutional investors. With more than $4.5 billion in assets under management, American has provided real estate investment management services to institutional investors for more than 23 years utilizing core and value-added commingled funds and separate accounts. The firm’s portfolio includes office, industrial, multi-family and retail properties nationwide. Information regarding American Realty Advisors can be found online at www.americanreal.com.
Contact:
Donna Hahn
Hahn Communications
(949) 458-3983
donna (at) hahnmarketing (dot) com
