Lowe Enterprises Investors continues its acquisition program in the San Gabriel Valley industrial market with the purchase of a 131,219-square-foot building in the City of Industry, Calif.

The value of the transaction was not disclosed.

Tulip Corp., in the business of plastic injection molding and equipment manufacturing, sold the property at 14955 Salt Lake Ave., which was constructed in 1979 as a build-to-suit for Tulip.

At the time of sale, the building served as manufacturing space for PHI, a division of Tulip, which will lease back approximately 40 percent of the property.

Lowe plans exterior upgrades of the property that include exterior painting, landscape, signage and tenant entry enhancement.

Los Angeles-based Lowe Enterprises is a national real estate investment, development and management company.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription