Trending...
- The 2025 ESPY Awards After Party- Presented by Poppi & High Noon
- General Auction Company Announces August 8th Auction- Now Accepting Consignments
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
SANTA MONICA, Calif. - Californer -- Dedeaux Properties and joint venture partner Ledo Capital Group has sold its Vernon Avenue Logistics Center, a recently completed, fully occupied 46,422-square-foot cold storage facility in Vernon, CA for $14.85 million.
After acquiring the 2.06-acre corner lot at E. Vernon and Alcoa Avenues in Spring 2019, the Dedeaux-led joint venture agreed to a build-to-suit under a long-term lease agreement with a Los Angeles-based restaurant group. Dedeaux completed the state-of-the art cold storage facility in March 2020. It includes separate commercial kitchens designed specifically to meet the needs of the tenant's various Southern California restaurants operations. The building features separate cold prep, fully racked cooler and freezer, and dry storage space, 32' minimum clearance, and seven dock high doors and one ground loading door fronting a 3,700-square-foot refrigerated dock. The building also includes approximately 3,000 square feet of office and mezzanine space.
More on The Californer
"This is a very complex and sophisticated food facility given the tenant's specific needs for each of their restaurants," said Dedeaux Properties Principal Brett Dedeaux. "Well located and efficient cold storage is critical to the success of restaurant businesses, especially during these troubling times, where perishable product needs to be carefully managed."
This is Dedeaux's second joint venture in Vernon with Ledo Capital Group, a relationship with Anthony Brent that dates back to 2014 with the acquisition of an 8-building business park in Santa Fe Springs.
The buyer is a Los Angeles-based family owned real estate investment and development company with a substantial portfolio of investment properties in prime locations throughout Southern California.
Scott Heaton of Colliers International represented the Buyer, while the Cushman and Wakefield Capital Markets team of Jeff Chiate and Mike Adey represented the Seller.
More on The Californer
About Dedeaux Properties
Los Angeles-based Dedeaux Properties, LLC (http://www.dedeauxproperties.com) focuses on the investment and development of logistics-oriented properties. With a portfolio of over 6,500,000 square feet of primarily transportation, distribution, refrigerated properties, Dedeaux Properties is among the most active developers and investors in the Greater Los Angeles region. While executing on a pipeline of over 2,000,000 square feet in various stages of development & entitlement, the mission of Dedeaux Properties remains consistent: Create property value for the aligned benefit of partners, tenants, & team members
After acquiring the 2.06-acre corner lot at E. Vernon and Alcoa Avenues in Spring 2019, the Dedeaux-led joint venture agreed to a build-to-suit under a long-term lease agreement with a Los Angeles-based restaurant group. Dedeaux completed the state-of-the art cold storage facility in March 2020. It includes separate commercial kitchens designed specifically to meet the needs of the tenant's various Southern California restaurants operations. The building features separate cold prep, fully racked cooler and freezer, and dry storage space, 32' minimum clearance, and seven dock high doors and one ground loading door fronting a 3,700-square-foot refrigerated dock. The building also includes approximately 3,000 square feet of office and mezzanine space.
More on The Californer
- Laube Titanium to Attend MADE Bike Show in Portland, Oregon
- A Century of Compassion: Butte Humane Society Hosts 114th Anniversary Gilded Garden Gala
- United Set to Hire More Special Olympics Athletes As Customer Service Ambassadors
- Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
- KIDZ BOP RELEASES BRAND NEW ALBUM 'KIDZ BOP 51' FEATURING HITS "APT" & "PINK PONY CLUB"
"This is a very complex and sophisticated food facility given the tenant's specific needs for each of their restaurants," said Dedeaux Properties Principal Brett Dedeaux. "Well located and efficient cold storage is critical to the success of restaurant businesses, especially during these troubling times, where perishable product needs to be carefully managed."
This is Dedeaux's second joint venture in Vernon with Ledo Capital Group, a relationship with Anthony Brent that dates back to 2014 with the acquisition of an 8-building business park in Santa Fe Springs.
The buyer is a Los Angeles-based family owned real estate investment and development company with a substantial portfolio of investment properties in prime locations throughout Southern California.
Scott Heaton of Colliers International represented the Buyer, while the Cushman and Wakefield Capital Markets team of Jeff Chiate and Mike Adey represented the Seller.
More on The Californer
- Be Part of the World's Largest Art Biennale | Moons, Castles, Trees | Copenhagen Chronotopes
- California sends more search and rescue crews to Texas
- YourEggs Is Leading the Way in Providing Access to the Best Asian Egg Donors to Families Worldwide
- California: Governor Newsom and Acting Governor Kounalakis honor fallen CDCR Parole Agent
- California sues to stop Trump's politically motivated attack on high-speed rail
About Dedeaux Properties
Los Angeles-based Dedeaux Properties, LLC (http://www.dedeauxproperties.com) focuses on the investment and development of logistics-oriented properties. With a portfolio of over 6,500,000 square feet of primarily transportation, distribution, refrigerated properties, Dedeaux Properties is among the most active developers and investors in the Greater Los Angeles region. While executing on a pipeline of over 2,000,000 square feet in various stages of development & entitlement, the mission of Dedeaux Properties remains consistent: Create property value for the aligned benefit of partners, tenants, & team members
Source: Dedeaux Properties
Filed Under: Real Estate
0 Comments
Latest on The Californer
- WonderDays Launches the UK's First AI Experience Gift Finder – Gifting Just Got So Much Easier!
- CelluHeal™ Launches Full Line of Advanced Wound Dressings for Online Purchase in the USA, Canada, and Beyond
- California: Governor Newsom responds to Trump's latest gift to China: Defunding America's only high-speed rail
- California: Governor Newsom announces appointments 7.16.25
- California: Governor Newsom calls on Trump to end Los Angeles militarization, shares community resources
- City of Long Beach to Host Compost and Recycling Ambassador Program
- AMAZON DRIVERS IN CITY OF INDUSTRY JOIN THE TEAMSTERS
- Silva Construction Details Common Home Renovation Mistakes and How to Avoid Them
- Governor Newsom invites LA Fire survivors to continue shaping rebuilding efforts through Engaged California
- DOGUE Magazine and CoverDogs Announce Series A to Redefine Modern Pet Culture
- Voices for Humanity Treks High into the Himalayas to Deliver the Way to Happiness with Meena Sharma
- Nonprofit innovator named Mensa Executive Director
- Following Trump cut to LGBTQ youth suicide hotline, California steps up to fill the gap
- Yasmine Roulleau named Managing Director in Vancouver, Canada
- Chasing Elizabeth Taylor — The Dazzling True Story Behind the Queen of Diamonds Now Available in Limited-Edition Hardcover
- Swim Up Hill Animation Premieres Pilot Episode of "The Adventure of Swim Up Hill"
- LOS ANGELES TEAMSTERS AT METRO TRANSIT RATIFY FIRST CONTRACT
- Calmwater Capital Funds $22.8 Million Loan to Refinance Retail Complex in Park City
- From Barrio to Transgender Pioneer: Chapter 14 Personal Injustices Faced by the Protagonist
- Blacksmith InfoSec and Liongard Launch Strategic Integration to Simplify MSP Compliance Audits