Los Angeles, Calif. (March 27, 2018) – Robert Thornburgh, SIOR, CCIM, Tom Holland, SIOR, CCIM, and Jon Reno, SIOR, CCIM of Kidder Mathews have been recognized by the Society of Industrial and Office Realtors® (SIOR) for the 2017 Largest Dollar Volume Land Transaction in Los Angeles for the sale of the Downey Industrial Center.
Downey Industrial Center is a 29-acre property located at 9400 Hall Road in Downey, California. Prologis, Inc., a multinational logistics real estate investment company, purchased the property from Downey Industrial Center, LLC. Thornburgh, Holland, and Reno represented both parties in the transaction. It is one of the largest infill industrial sales in the area in recent years.
“The sellers selected Prologis as the buyer due to their extensive experience and sophistication in acquiring industrial real estate similar to the Downey project,” said Thornburgh, Kidder Mathews executive vice president and partner in Greater Los Angeles. “It was a pleasure assisting in the close of this complex transaction.”
Kidder Mathews is both the leasing team and property manager for the site.
The SIOR Transaction Awards honor SIOR members who have completed significant transactions in several categories within the award year. More than 600 SIORs reported 2,000 SIOR transactions in 2017, with a total dollar volume of 10 billion.
Thornburgh, Holland, and Reno collectively have over 70 years of experience in the commercial real estate industry, and all hold the prestigious SIOR designation. They have served in various leadership roles in the SIOR organization including board members, vice presidents, and Thornburgh is currently the SIOR global president-elect and will assume the role of SIOR global president in Fall of 2018.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $7 billion in transactions, manages over 50 million square feet of space, and conducts 1,500 appraisals annually. For more information, visit kiddermathews.com.
Headquartered in Washington, D.C., the SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® (SIOR, www.sior.com) is a global professional organization that certifies commercial real estate service providers with the exclusive SIOR designation. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR. Today, there are 3,200 SIOR members in 685 markets in 36 countries.