ArchiWise tracks 3 stories about real estate, zoning, permitting, and policy in Walnut, Los Angeles County, California. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
CIP Real Estate II LLC has purchased the 200,049-square-foot Walnut Tech Business Center in Walnut, California, from AEW for $60.6 million. The shallow-bay business park, comprising 11 buildings with 109 suites, is currently 94 percent leased.
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AEW has completed the sale of the 200,000-square-foot Walnut Tech Business Center in Walnut, California, to CIP Real Estate II LLC for $60.7 million, a transaction facilitated by JLL Capital Markets.
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Irvine-based CIP Real Estate has purchased the 200,049-square-foot Walnut Tech Business Center in Los Angeles County, an 11-building industrial and flex complex, from an AEW affiliate. The firm plans a $3.5 million capital improvement program for the 92% leased property.
Read articleNews from Walnut, Los Angeles County, California