J.F. Shea Snaps Up LA County Warehouse for M: Report
Real estate and construction firm J.F Shea Company has reportedly snapped up a warehouse in Los Angeles' red-hot industrial market. An entity tied ...
Real estate and construction firm J.F Shea Company has reportedly snapped up a warehouse in Los Angeles' red-hot industrial market. An entity tied to Shea has acquired 3951 Capitol Avenue in City of Industry, located roughly 15 miles east of Downtown L.A., from industrial pump manufacturer ITT Goulds Pumps for $17.9 million, a price below market rate, CoStar reported Tuesday. Representatives for J.F. Shea and ITT Goulds did not respond to requests for comment. The warehouse spans 136,500 square feet and sits on a 287,000-square-foot lot in the almost-exclusively industrial City of Industry in the San Gabriel Valley, according to Los Angeles County property records.