{"id":1004240219,"date":"2018-07-05T22:11:21","date_gmt":"2018-07-06T06:11:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004240219"},"modified":"2022-12-08T12:40:25","modified_gmt":"2022-12-08T20:40:25","slug":"cbre-brokers-11m-ca-industrial-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-brokers-11m-ca-industrial-sale\/","title":{"rendered":"CBRE Brokers $11M CA Industrial Sale"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004240234\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004240234\" data-attachment-id=\"1004240234\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-brokers-11m-ca-industrial-sale\/11621-11633-clark-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St.-e1530855414574.png\" data-orig-size=\"800,600\" 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;0&quot;}\" data-image-title=\"11621-11633 Clark St.,\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St.-e1530855414574.png?w=800\" loading=\"lazy\" class=\"wp-image-1004240234 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St.-e1530855414574.png\" alt=\"Aerial view of 11621-11633 Clark St.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St.-e1530855414574.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St.-e1530855414574.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/11621-11633-Clark-St.-e1530855414574.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004240234\" class=\"wp-caption-text\">Aerial view of 11621-11633 Clark St.<\/p><\/div>\n<p>CBRE has arranged the sale of a 4.9-acre industrial site in Arcadia, Calif. C.E.G Construction\u2014a local investor and developer\u2014acquired the asset for $10.5 million.<\/p>\n<p>Located at 11621-11633 Clark St., in the San Gabriel Valley, the property offers convenient access to the 210, 605 and 10 freeways. Built in 1986, the four-building site consists of approximately 31,400 square feet of industrial and office space. Additionally, 3 acres of paved and secured yard area is available.<\/p>\n<p>Anthony DeLorenzo, Mark Shaffer, Gary Stache and Doug Mack were part of the team that represented the buyer. CBRE also worked on behalf of the seller, Grey Light LLC. In another recent deal, the company represented Adrenaline in a <a href=\"https:\/\/www.commercialsearch.com\/news\/adrenaline-inks-22-ksf-office-lease-in-atlanta\/\">22,200-square-foot office lease<\/a> in Atlanta\u2019s Buckhead submarket.&nbsp;<\/p>\n<p><em>\u201cDemand for industrial properties is at an all-time high with incredible interest from developers, REITs and 1031-exchange investors,\u201d<\/em>&nbsp;DeLorenzo said in a prepared statement. <em>\u201cThe unique property size is a big advantage given the limited supply of industrial-zoned land in the San Gabriel Valley.\u201d<\/em><\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A local investor acquired the 4.9-acre site that features a mix of industrial and office space. The brokerage company represented both the seller and buyer in the transaction.<\/p>\n","protected":false},"author":436,"featured_media":1004508637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,1594,21742,15],"tags":[40967,32789],"class_list":["post-1004240219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-los-angeles","category-latest","category-west","tag-c-e-g-construction","tag-cbre"],"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>CBRE Brokers $11M CA Industrial Sale - 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\/cbre-brokers-11m-ca-industrial-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Brokers $11M CA Industrial Sale\" \/>\n<meta property=\"og:description\" content=\"A local investor acquired the 4.9-acre site that features a mix of industrial and office space. 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