{"id":1004350553,"date":"2019-09-06T03:49:52","date_gmt":"2019-09-06T11:49:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004350553"},"modified":"2019-09-06T03:56:00","modified_gmt":"2019-09-06T11:56:00","slug":"los-angeles-industrial-asset-commands-104m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/","title":{"rendered":"Los Angeles Industrial Asset Commands $104M"},"content":{"rendered":"
\"Hathaway<\/a>

Hathaway Industrial Park<\/p><\/div>\n

PS Business Parks Inc. has acquired Hathaway Industrial Park, a 543,000-square-foot, Class B warehouse complex in Santa Fe Springs, Calif. Westcore Properties sold the asset for $104 million, shortly after disposing of a 6.3 million-square-foot industrial portfolio<\/a> across nine markets. <\/p>\n

Hathaway Industrial Park is subject to a $62 million bridge loan held by Wells Fargo Bank, according to Yardi Matrix data. Financed with cash and a draw from PS Business Parks\u2019 credit fund, the acquisition adds to PS Business Parks\u2019 existing industrial portfolio in Los Angeles which now totals more than 2.2 million square feet.<\/p>\n

Sitting on 27 acres at 10513-11975 Hathaway Drive and 11811-11831 E. Florence Ave., Hathaway Industrial Park is a last-mile location in the Los Angeles Mid-Counties submarket. The multi-tenant property provides easy access to interstates 5, 105 and 605 as well as State Road 91. Los Angeles International Airport is roughly 22 miles west.<\/p>\n

The park consists of 10 buildings completed in phases between 1966 and 1989, with suites ranging in size from 5,000 to 288,000 square feet. All buildings feature a minimum 24-foot clear height and dock-high loading doors. Currently, the property is fully occupied.<\/p>\n","protected":false},"excerpt":{"rendered":"

Westcore Properties sold a 543,000-square-foot facility in Santa Fe Springs, Calif. With this acquisition, the buyer’s industrial portfolio in the metro increased to 2.2 million square feet. <\/p>\n","protected":false},"author":870,"featured_media":1004350577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21783,1594,21742,15],"tags":[39939,33215,34163],"class_list":["post-1004350553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-ps-business-parks-inc","tag-wells-fargo-bank","tag-westcore-properties"],"acf":[],"yoast_head":"\nLos Angeles Industrial Asset Commands $104M - 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\/los-angeles-industrial-asset-commands-104m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Los Angeles Industrial Asset Commands $104M\" \/>\n<meta property=\"og:description\" content=\"Westcore Properties sold a 543,000-square-foot facility in Santa Fe Springs, Calif. With this acquisition, the buyer's industrial portfolio in the metro increased to 2.2 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/\" \/>\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=\"2019-09-06T11:49:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-06T11:56:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Hathaway-Industrial-Park-e1567762564828.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\/los-angeles-industrial-asset-commands-104m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/\",\"name\":\"Los Angeles Industrial Asset Commands $104M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Hathaway-Industrial-Park-e1567762564828.jpg\",\"datePublished\":\"2019-09-06T11:49:52+00:00\",\"dateModified\":\"2019-09-06T11:56:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Hathaway-Industrial-Park-e1567762564828.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Hathaway-Industrial-Park-e1567762564828.jpg\",\"width\":640,\"height\":480,\"caption\":\"Hathaway Industrial Park\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-commands-104m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Los Angeles Industrial Asset Commands $104M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\",\"name\":\"Adriana Marinescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"caption\":\"Adriana Marinescu\"},\"description\":\"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. 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