{"id":1004441761,"date":"2020-05-14T22:11:55","date_gmt":"2020-05-15T06:11:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004441761"},"modified":"2021-05-10T02:05:49","modified_gmt":"2021-05-10T10:05:49","slug":"transwestern-pays-14m-for-los-angeles-logistics-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/","title":{"rendered":"Transwestern Pays $14M for Los Angeles Logistics Asset"},"content":{"rendered":"<div id=\"attachment_1004441767\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004441767\" data-attachment-id=\"1004441767\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/arenth-commerce-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\" data-orig-size=\"1854,1391\" 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=\"Arenth Commerce Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Arenth Commerce Center. Image courtesy of Transwestern Investment Group &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg?w=1024\" class=\"wp-image-1004441767 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg 1854w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004441767\" class=\"wp-caption-text\">Arenth Commerce Center. <em>Image courtesy of Transwestern Investment Group<\/em><\/p><\/div>\n<p>Transwestern Investment Group has acquired Arenth Commerce Center, a&nbsp;90,318-square-foot industrial asset in the City of Industry submarket of Los Angeles. According to Yardi Matrix, a private investor sold the facility for $13.9 million. The <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-real-estates-positive-prognosis\/\">industrial sector continues to perform well<\/a>, despite the ongoing global health crisis.<\/p>\n<p>Located at 17891 and 17907 Arenth Ave.,&nbsp;the two-building property was completed in 1973.&nbsp;The new owner intends to invest in upgrades including exterior paint, landscaping, signage and parking lot improvements. Arenth Commerce Center&nbsp;was fully leased at the time of sale, with ELA Lighting occupying the entire 49,000-square-foot building at 17891 Arenth Ave., while the second building is leased to several tenants.<\/p>\n<p>The property&nbsp;is 25 miles west of Ontario International Airport,&nbsp;34 miles from Hollywood Burbank Airport and 40 miles from both Los Angeles International Airport and John Wayne Airport. Downtown Los Angeles is 26 miles away. The location provides convenient access to&nbsp;Highway 60 and interstates 10 and 605. According to Transwestern data, the submarket recorded below 1.5 percent vacancy at the end of 2019 and annual rent growth of 9 percent since 2014. &nbsp;<\/p>\n<p>Transwestern will provide property management services, while CBRE Senior Vice President Cameron Merrill and Senior Associate Case Dahlen will spearhead leasing efforts. Colliers International Executive Managing Director Michael Kendall, Director Gian Bruno, Senior Vice President John Archibald and Vice President Peter Lee represented the seller.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owner plans to undertake exterior improvements at the two-building Arenth Commerce Center. <\/p>\n","protected":false},"author":748,"featured_media":1004441767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1594,21742,15],"tags":[32789,32763,33313],"class_list":["post-1004441761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-cbre","tag-colliers-international","tag-transwestern"],"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>Transwestern Pays $14M for Los Angeles Logistics Asset - 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\/transwestern-pays-14m-for-los-angeles-logistics-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transwestern Pays $14M for Los Angeles Logistics Asset\" \/>\n<meta property=\"og:description\" content=\"The new owner plans to undertake exterior improvements at the two-building Arenth Commerce Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/\" \/>\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=\"2020-05-15T06:11:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:05:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1854\" \/>\n\t<meta property=\"og:image:height\" content=\"1391\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\/transwestern-pays-14m-for-los-angeles-logistics-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/\",\"name\":\"Transwestern Pays $14M for Los Angeles Logistics Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\",\"datePublished\":\"2020-05-15T06:11:55+00:00\",\"dateModified\":\"2021-05-10T10:05:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-pays-14m-for-los-angeles-logistics-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Arenth-Commerce-Center-e1589471317812.jpg\",\"width\":1854,\"height\":1391,\"caption\":\"Arenth Commerce Center. 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