WareSpace grabs another Gateway Cities industrial property for $23M
WareSpace is chopping it up again with the latest acquisition in its Los Angeles County strategy. The Maryland-based industrial developer, owner and operator purchased a 90,500-square-foot distribution building at 860 Sandhill Avenue in Carson for $23 million, or $254 per square foot, L.A. Business First reported. JTL Corporation, which had its headquarters at the property, was the seller. The Jadian Capital-backed firm plans to divide the building into 120 spaces to serve more tenants, aligning with its preference for smaller warehouses for small businesses. WareSpace broke into the California market in January with a purchase in Orange County and has […]This article originally appeared on The Real Deal. Click here to read the full story.
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