Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Brokers Large Industrial Capital Markets Sale in La Mirada

Transaction Ranks Among 2019’s Top 5 Largest Industrial Investment Sales in Los Angeles County

Los Angeles Industrial

IRVINE, CA – Cushman & Wakefield announced today that 14001-14051 Rosecrans Ave. in La Mirada has sold in an industrial capital markets transaction handled by the firm’s National Industrial Advisory Group (IAG).

Clarion Partners LLC acquired the 337,125-square-foot (sf) Class A infill project for $76.8 million or $228 per sf on behalf of a separate account client. The transaction ranks among Los Angeles County’s Top 5 largest industrial investment sales of 2019, according to Cushman & Wakefield research.

Jeff Chiate, Jeffrey Cole, Mike Adey, Ed Hernandez, and Brad Brandenburg from Cushman & Wakefield’s Irvine office represented Bailard, Inc. in the transaction, with Rick Ellison and Mike Foley from the firm serving as market advisors. Bailard, Inc. is a 50-year-old wealth management/investment advisor based in San Francisco with $3.8BN of AUM.

“The offering represented a rare and sizable institutional-quality industrial project located in an infill location with significant barriers to entry,” said Jeff Chiate, Executive Managing Director and head of the West Region for Cushman & Wakefield’s IAG. “With vacancy at only 2.6% as of Q3 2019, the Mid-Counties industrial submarket is one of the strongest in the nation. This was an opportunity to acquire an asset with stable in-place cash flow and extraordinary upside potential, with average in-place rents well below current market rents.”

14001-14051 Rosecrans Ave. is a two-building project that spans 14.35 acres and features a 30’ clear height, an ESFR fire sprinkler system, large truck courts, and major street frontage along Rosecrans Ave. The property offers immediate access to the I-5 Freeway and approximately 20 miles from the Port of Los Angeles, the Port of Long Beach, and Los Angeles International Airport. The buildings are 100% leased to three quality tenants.

Industrial Los Angeles

About Clarion Partners
Clarion Partners LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 37 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $51 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its 350+ domestic and international institutional investors. More information about the firm is available at

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit or follow @CushWake on Twitter

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All