SoCal industrial portfolio fetches record-setting $235M price

A Southern California industrial portfolio just fetched a record sale price.  Irvine-based Praelium Commercial Real Estate acquired a 17-building office, industrial and research and development portfolio in Goleta for $235 million, Commercial Property Executive reported, citing data from Yardi Matrix. Agoura Hills-based Majestic Asset Management sold the 733,497-square-foot collection. The $235 million figure set a record in Santa Barbara’s South Coast market, the Pacific Coast Business Times reported. Majestic put together the 17-building Tech Park @ Goleta Portfolio in multiple, separate deals between 2018 and 2022, per Yardi Matrix. The properties in Goleta are located in five business parks along […]This article originally appeared on The Real Deal. Click here to read the full story.