Overton Moore pays $59M for La Mirada industrial property after seller Brookfield brought up rent
Brookfield is trimming its Los Angeles County industrial holdings with its latest disposition in La Mirada. Brookfield sold the 248,100-square-foot industrial facility at 14555 Alondra Boulevard in La Mirada to Overton Moore Properties for $58.5 million, L.A. Business First reported. CBRE’s Joe Cesta and Eric Cox represented Brookfield in the transaction. The price pencils out to $236 per square foot. The space is leased to MEI Industrial Solutions, which provides end-to-end industrial services. MEI Industrial owned the property before a sale-leaseback deal with Brookfield, Cesta told the publication. Prior to the latest sale, MEI Industrial renewed its lease for another […]This article originally appeared on The Real Deal. Click here to read the full story.
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