33-building industrial park near Los Angeles sells for $108M
JLL Capital Markets closed the sale of the fully leased Walnut Business Park in Walnut, California
LOS ANGELES, Jan. 5, 2022 – JLL Capital Markets announced that it has closed the $108.6 million sale of Walnut Business Park, a fully leased, 33-building, multi-tenant business park totaling 330,946 square feet in an infill area of the Los Angeles County community of Walnut, California.
JLL marketed the property, which was acquired by IDS Real Estate Group, on behalf of the seller.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About IDS Real Estate Group
Since its founding over 35 years ago, IDS Real Estate Group has been widely recognized for enhancing value on over $5 billion of commercial real estate. IDS specializes in investment management, development management, construction management, and property management. Currently, IDS manages an over 35 million square foot portfolio. Clients, tenants, and partners consider IDS one of the finest comprehensive commercial real estate firms in the nation. For further information, visit idsrealestate.com.