{"id":1004209412,"date":"2018-03-07T12:32:02","date_gmt":"2018-03-07T20:32:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209412"},"modified":"2022-12-08T15:31:27","modified_gmt":"2022-12-08T23:31:27","slug":"rosenthal-property-portfolio-sells-for-16m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rosenthal-property-portfolio-sells-for-16m\/","title":{"rendered":"Rosenthal Property Portfolio Sells for $16M"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004209413\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209413\" data-attachment-id=\"1004209413\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rosenthal-property-portfolio-sells-for-16m\/rosenthal-portfolio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Rosenthal Property Portfolio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rosenthal Property Portfolio&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg?w=800\" class=\"wp-image-1004209413 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg\" alt=\"Rosenthal Property Portfolio\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rosenthal-Portfolio.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209413\" class=\"wp-caption-text\">Rosenthal Property Portfolio<\/p><\/div>\n<p>Maple DTLA LLC, an apparel company and investor, has acquired the Rosenthal Property Portfolio, a 102,859-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lands-105m-for-la-industrial-facility\/\">industrial facility in Los Angeles<\/a>, for $15.5 million. Kidder Mathews represented the seller, Rosenthal Property Owners and the buyer was represented by The Quantum Associates.<\/p>\n<p>The manufacturing buildings are located in East Los Angeles\/Boyle Heights area at 2736 E. 12<sup>th<\/sup> St., 3028 E. 11<sup>th<\/sup> St. and 3101, 3109, 3115 E. 12<sup>th<\/sup> St., close to major thoroughfares, including interstates 5 and 10. The area is a landing spot for the industries that are pushed out of the Art\u2019s District because of redevelopment projects and higher-end uses occupying the area. The traditional manufacturing properties in the Los Angeles\/ Boyle Heights area are also refurbished into high-end apparel fashion buildings.<\/p>\n<p><em>&#8220;Through our unique marketing platform, we were able to generate multiple offers for this project, resulting in a managed bid process,&#8221; <\/em>said Jon Reno, senior vice president at Kidder Mathews, in prepared remarks. \u201c<em>This transaction confirms the high demand for older, functionally challenged industrial properties with upside potential and proximity to downtown Los Angeles.&#8221;\u00a0<\/em><\/p>\n<p>Reno, together with Robert Thornburg, Tom Holland and Trevor Gale of Kidder Mathews represented the seller and Iqbal Hassan of The Quantum Associates worked on behalf of the buyer.<\/p>\n<p><em>Image courtesy of Kidder Mathews<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 102,859-square-foot asset, located in East Los Angeles\/Boyle Heights, traded to Maple DTLA LLC, a local apparel company and investor. <\/p>\n","protected":false},"author":871,"featured_media":1004209413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1594,21742,15],"tags":[37913,33612],"class_list":["post-1004209412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-los-angeles","category-latest","category-west","tag-jon-reno","tag-kidder-mathews"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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