Dedeaux Properties in joint venture with Stockbridge Capital Group has acquired a vacant 214,436-square-foot warehouse and distribution center in Santa Clarita, Calif., for $28.4 million.
The property is located on 11 acres of land at 24903 Avenue Kearny and within the 1,100-acre master planned Valencia Industrial Center.
It is the first investment in the Santa Clarita Valley for Dedeaux, which remains a strategic target market for the company. As one of the oldest industrial development and investment firms in Los Angeles, Dedeaux has its history dating back more than 50 years, with the firm currently managing more than 6 million square feet of warehouse, trucking and logistics space, located primarily in the Inland Empire and Los Angeles County.
The property most recently served as the regional distribution center for global pharmaceutical company AmerisourceBergen, which vacated the facility late last year. It was the largest industrial facility for sale in
