trending Market Intelligence /marketintelligence/en/news-insights/trending/vgvDE75a1mrfusVhOrleeg2 content esgSubNav
In This List

JLL Income pays $64.5M for Calif. warehouse portfolio

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


JLL Income pays $64.5M for Calif. warehouse portfolio

Jones Lang LaSalleIncome Property Trust Inc. picked up a five-building warehouse portfolioin the Greater Los Angeles submarket.

The company paid roughly $64.5 million for the Valencia IndustrialPortfolio, with a 4.9% estimated cap rate. It is fully leased to eight local andnational tenants.

The acquisition marks the company's third industrialinvestment completed in 2016, bringing its industrial allocation tomore than $430 million and 25% of its overall portfolio, President and CEO C. AllanSwaringen said in a statement.