{"id":1004019997,"date":"2010-05-10T08:00:17","date_gmt":"2010-05-10T16:00:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004019997"},"modified":"2022-12-08T23:30:17","modified_gmt":"2022-12-09T07:30:17","slug":"kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal\/","title":{"rendered":"Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal"},"content":{"rendered":"<p>May 10, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Exterior-10-IMG_5828.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004019998\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal\/exterior-10-img_5828\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Exterior-10-IMG_5828.jpg\" data-orig-size=\"2700,1800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Exterior &#8211;  (10) &#8211; IMG_5828\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Exterior-10-IMG_5828.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Exterior-10-IMG_5828.jpg\" alt=\"\" title=\"Exterior -  (10) - IMG_5828\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004019998\" \/><\/a><\/p>\n<p>In a $40 million deal, 1.4 million square feet of industrial and manufacturing space within the Century Business Center in Hawthorne, Calif., was sold by a partnership of Kearny Real Estate Co. and Morgan Stanley Real Estate Fund V. The purchaser was Buchanan Partners and Zelman Development Co., and Buchanan Street Partners provided $10.2 million in joint venture equity.<\/p>\n<p>The entirety of the space is leased by Vought Aircraft Industries, a manufacturer of aerostructures and aviation components. It entails one five-story 254,000-square-foot office building and six industrial manufacturing buildings including a one million-square-foot facility used by Vought as the manufacturing center for fuselage panels for Boeing\u2019s 747 aircraft. The company recently renewed its lease through 2015.<\/p>\n<p>The 43-acre business center is just one of 10 industrial sites in the Los Angeles region with upwards of a million square feet on 40 acres. According to Kearny, it has accommodated users between 5,000 and 515,000 square feet, with total project costs of approximately $149 million. The property was purchased by a partnership led by Kearny from Vought in July 2005 for $61 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a $40 million deal, 1.4 million square feet of industrial and manufacturing space within the Century Business Center in Hawthorne, Calif., was sold by a partnership of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V.<\/p>\n","protected":false},"author":936,"featured_media":1004019998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21742],"tags":[],"class_list":["post-1004019997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal\" \/>\n<meta property=\"og:description\" content=\"In a $40 million deal, 1.4 million square feet of industrial and manufacturing space within the Century Business Center in Hawthorne, Calif., was sold by a partnership of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-10T16:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:30:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Exterior-10-IMG_5828.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2700\" \/>\n\t<meta property=\"og:image:height\" content=\"1800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kearny-morgan-stanley-sell-1-4m-sf-business-center-in-40m-deal\/\",\"name\":\"Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal - 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