MCA Realty, a full-service real estate investment and management company based in Orange County, Calif., has announced the recent acquisitions of three assets: one in Fife, Wash., and two in Las Vegas, for a total consideration of $16 million.
The three assets were acquired through the firm’s MCA Realty Industrial Growth Fund, which met its target of $50 million in equity commitments within just three months.
“MCA continues to be bullish in the industrial sector, targeting value-add industrial assets throughout the western U.S. and strengthening their portfolio with these sixth, seventh, and eighth additions to its fund,” said Tyler Mattox, principal at MCA Realty. “The acquisitions include two existing industrial properties and one parcel of vacant land where the firm plans to develop two single-tenant industrial buildings.”
Mattox added that the demand for industrial space has grown significantly over the past year.
“In a co
