AMB adds L.A. industrial complex

San Francisco-based AMB Property Corp. (NYSE: AMB) acquired Nash Logistics Center, an 85,000-square-foot freight forwarding facility in El Segundo, Calif.

The value of the transaction was not disclosed.

The single-story, concrete tilt-up building, which is located at 755 N. Nash St., was renovated in 1994 and was 100 percent leased at the time of sale to a provider of integrated logistics services for air and ocean shipments between the U.S. and Asia.

Jim Biondi, Terry Reitz and Gerald Kim of Grubb & Ellis' South Bay office represented the seller, a group of private investors, in the transaction. AMB represented itself.

Grubb & Ellis is an international provider of integrated real estate services. 

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