29 Acres in Downey Take Top-Dollar Commercial Real Estate Award
Three Kidder Mathews brokers have won a Society of Industrial and Office Realtors award for the largest dollar volume land transaction.
Robert Thornburgh, Tom Holland and Jon Reno received honors for the biggest deal by dollars in Los Angeles in 2017 for the $47 million sale of the Downey Industrial Center, a 29-acre property at 9400 Hall Road in Downey.
CoStar Group Inc. reported the $47 million sale price, but sources close to the deal said it was $48 million.
Prologis Inc., a San Francisco-based multinational logistics real estate investment company, bought the property from limited liability company Downey Industrial Center for an undisclosed amount.
Kidder Mathews serves as the leasing team and property management for the site.
The SIOR Transaction Awards honor SIOR members who have completed significant deals in several categories within the award year.
Thornburgh, Holland and Reno have each served in various leadership roles within SIOR.
Thornburgh is SIOR’s global president-elect and will assume the role of SIOR global president later this year.
For the full story, go to the Los Angeles Business Journal.
©2018 Los Angeles Business Journal