One of the darlings of the commercial real estate industry since the start of the global pandemic has been the industrial sector. Vacancies have almost disappeared, rents have increased, and every institutional investor with an eye on Southern California real estate is considering ways to incorporate industrial in its portfolio. Goodman, a Sydney, Australia-based global industrial property owner is one of these companies, and it recently expanded its footprint in Orange County by acquiring 5757 Plaza Dr., a 331,376 square foot property in the Cypress submarket, according to a recent Kidder Mathews Orange County Industrial Report for Q3 of 2021.
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