AEW Sells Walnut Tech Business Center to CIP Real Estate for $60.7M

AEW has sold the Walnut Tech Business Center, a 200,000-square-foot shallow-bay business park located in Walnut, California, to CIP Real Estate II LLC for $60.7 million. The transaction was managed by the JLL Capital Markets team, which represented AEW in the sale. Additionally, a separate JLL team secured acquisition financing for CIP Real Estate through an undisclosed bank.

The Walnut Tech Business Center is a significant industrial asset within the San Gabriel Valley, underscoring continued investor interest in well-located logistics and business park properties. This sale is one of several recent commercial real estate transactions highlighted in the Los Angeles area, reflecting ongoing activity in the region's diverse property markets. For developers and investors, this deal illustrates the sustained demand and valuation for industrial and flex-space assets in Southern California, particularly those offering strategic access and operational flexibility.