Cushman & Wakefield advised on the sale of Azusa Industrial Center, a 432,500-square-foot, three-building industrial project located in Azusa. Built during the mid-1980s and situated on over 23.6 acres, the multi-tenant property was acquired by IDS Real Estate Group for $126 million and is 100% leased.
A Cushman & Wakefield team comprised of Jeffrey Cole, Jeff Chiate, Rick Ellison Mike Adey Brad Brandenburg Matt Leupold Bryce Aberg represented the seller while Phil Lombardo and Chris Tolles provided local market leasing expertise.
Cole commented that “Azusa Industrial Center is a strong performing ultra core infill industrial asset with an ideal San Gabriel Valley location that offers flexible suite sizes across four high quality tenants in warehousing/distribution logistics food & beverage industries” making it an optimal ground zero logistical location for any business needs.
