News
Los Angeles Neighborhood

Biomedical Lab Sells for $96M

A 226k SF building in Santa Clarita occupied by biomedical giant Quest Diagnostics has been purchased for $96M by American Realty Capital Global Trust. The 114-acre property was sold by Clarion Partners, which we told you last month has big plans for a much sexier market. HFF MD Mike McCann tells Bisnow with the overall investment environment offering low yields, a quality property with a strong-credit tenant is always going to get a lot of interest, as this property did. Quest has 10 years remaining on its lease. Mike, along with HFF MD Ryan Gallagher, director Andrew Harper and associate director Nick Foster repped Clarion.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Developers Riding The Surf Park Wave With Resorts, Retail And Residences

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

Immigration Crackdowns Dealt LA Businesses A Multimillion‑Dollar Blow

Fined For Rotting Food At Burned LA Cold Storage Warehouse, Lineage Plans To Rebuild

Rexford Planning Up To $2B In Dispositions This Year

Logos Faith Development Plans 15 Groundbreakings In 3 Years: The Los Angeles Deal Sheet

Culver Commons To Bring New Dining, Retail Options To Bustling Suburban Los Angeles Location

Sony Reopening Hollywood ArcLight, Cinerama Dome Theaters

Oceanwide Plaza Sale Primed To Move Forward

Creative Industries Keep LA's Office Recovery Stalled While Westside Finance And Law Power Ahead

Defense Dollars Supercharge LA's South Bay Industrial Market