{"id":1004761490,"date":"2025-06-13T06:54:06","date_gmt":"2025-06-13T14:54:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004761490"},"modified":"2025-06-13T06:55:29","modified_gmt":"2025-06-13T14:55:29","slug":"aew-capital-sells-orange-county-asset-for-54m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aew-capital-sells-orange-county-asset-for-54m\/","title":{"rendered":"AEW Capital Sells Orange County Asset for $54M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1093a11ef64&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004761496\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/aew-capital-sells-orange-county-asset-for-54m\/701-south-sally-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/701-South-Sally-Place.jpg\" data-orig-size=\"1000,750\" 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=\"701 South Sally Place\" data-image-description=\"&lt;p&gt;Exterior shot of 701 S. Sally Place, an industrial facility in Fullerton, Calif.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;AEW Capital Management also owns 701 S. Sally Place, a Class A facility less than 6 miles from the building that recently traded. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/701-South-Sally-Place.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/701-South-Sally-Place.jpg\" alt=\"Exterior shot of 701 S. Sally Place, an industrial facility in Fullerton, Calif.\" class=\"wp-image-1004761496\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/701-South-Sally-Place.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/701-South-Sally-Place.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/701-South-Sally-Place.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">AEW Capital Management also owns 701 S. Sally Place, a Class A facility less than 6 miles from the building that recently traded. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>AEW Capital Management has sold a 130,925-square-foot industrial facility at 2929 E. Imperial Highway in Brea, Calif., for $53.7 million, according to CommercialEdge information. JIAHERB acquired the Class A asset.<\/p>\n\n\n\n<p>The botanical extracts manufacturer paid about $410 per square foot for the Class A warehouse, the same source shows. The firm\u2019s California office is less than 5 miles away.<\/p>\n\n\n\n<p>The Orange County facility is just off Highway 90. Downtown Los Angeles is within 35 miles northwest while Los Angeles International Airport is 40 miles away. The warehouse is also close to 701 S. Sally Place, one of AEW\u2019s other logistics centers in the market.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/naiop-special-report-will-tariffs-tax-cres-industrial-sector\/\">Will Tariffs Tax CRE\u2019s Industrial Sector?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Rising on almost 6 acres, the 2023-completed building has 11 dock-high loading doors and one drive-in door, as well as 32-foot minimum ceiling heights.&nbsp;The last-mile facility also has an almost 5,000-square-foot, two-story office area and about 150 parking spaces.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-orange-county-prices-still-above-national-average\">Orange County prices still above national average<\/h2>\n\n\n\n<p>Orange County\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial investment volume<\/a> clocked in at $527 million year-to-date as of April, ranking sixth nationally, according to a CommercialEdge industrial report. Assets traded for $292.6 per square foot on average, well above the $129 national threshold. Only Los Angeles properties traded for more ($300.3 per square foot).<\/p>\n\n\n\n<p>In one of the largest deals in the area this year, The Walt Disney Co. acquired 1601 E. Cerritos Ave., a 401,302-square-foot distribution center in Anaheim, Calif. Sares-Regis Group sold the asset for $124 million, the same source shows.<\/p>\n\n\n\n<p>Other notable transactions included New York Life Real Estate Investors\u2019 acquisition of 3300 E. Birch St. for $92.1 million. AEW Capital Management was the owner of that 218,968-square-foot asset as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property traded for $410 per square foot.<\/p>\n","protected":false},"author":3355,"featured_media":1004761496,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,34267,15],"tags":[33758],"class_list":["post-1004761490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-orange-county","category-west","tag-aew-capital-management"],"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>AEW Capital Sells Orange County Asset for $54M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"AEW Capital Management sold a facility at 2929 E. 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