W.P. Carey Pays Record-Breaking $140.3 Million for Santa Fe Springs Cold-Storage Complex

New York-based real estate investment trust W.P. Carey has made history with their recent acquisition of a Santa Fe Springs cold-storage complex for a whopping $140.3 million, making it the highest-priced industrial sale in Los Angeles County during the second quarter of 2025. The property, located at 15015 Valley View Avenue, was sold by a Brookfield-backed fund in May for a staggering $422.65 per square foot.

According to Los Angeles County tax assessor records, this transaction marks a significant milestone for the industrial market in the region. To keep up with the latest top sales by market segment, The Real Deal has launched a weekly feature called TRDData. To see the full list of the top 10 sales, click here.

The sale of the 302,850-square-foot industrial property was handled by Newmark's Andrew Briner, Jim Linn, Bret Hardy, and Kevin. While the names of the last two individuals were not mentioned in the original article, it is safe to assume that they are part of the Newmark team and were involved in the transaction.

Originally reported by The Real Deal.

https://therealdeal.com/la/trddata/