Kearny Industrial Fund

In 2005, Kearny Real Estate Company in partnership with Morgan Stanley Real Estate’s $7.2 billion Prime Property Fund formed the Kearny Industrial Fund to acquire industrial properties throughout southern California. The Fund builds upon a successful over decade long relationship between the firms by creating a new platform combining the talents of Kearny’s locally based acquisitions team with the financial backing of Wall Street capital.

The Fund has acquired properties spanning from the Redlands industrial market in the Inland Empire East to Sorrento Mesa in San Diego County in both path of growth and infill locations.

The Fund has had success acquiring more than $85 million in industrial product totaling more than 1,000,000 sf by demonstrating flexibility in accommodating sellers combined with strong execution. Representative transactions include a $17 million sale-leaseback transaction in Santa Fe Springs (13827 Carmenita Road), a $14 million acquisition requiring the assumption of an existing securitized loan in Sorrento Mesa (10015 Waples Court), a $40 million forward commitment in the Inland Empire (Redlands Industrial Centre), and a $13 million sale leaseback a single-tenant manufacturing headquarters in Temecula.  The Temecula property was sold in 2012.

Target Investment Profile:

Locations:

  • Southern California
  • B+ or better locations

Product Type:

  • Class B- or better single and multi-tenant industrial
  • Light manufacturing
  • Warehouse / Distribution

Project Size:

  • $10 million+
  • 100,000 sf+

Kearny Advantage:

  • All cash buyer with the ability to close quickly
  • Nimble and responsive local acquisition team backed by long-term Wall Street capital relationship
  • Significant expertise with an appetite for complex and challenged assets (i.e. environmental contamination, bad debt, under and non- performing assets)

Acquisition contact:
Jason Rosin
310-203-1861
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