H.I.G. Realty Partners Acquires Saugus Station Industrial Portfolio.

MANews-(C)2009-2022

US-based alternative investment firm H.I.G. Capital's affiliate, H.I.G. Realty Partners, has completed an off-market acquisition of the Saugus Station Industrial Portfolio, located in Santa Clarita, California, the firm said.

Saugus Station consists of 24 buildings totaling approximately one m square feet across a 70 acre campus, as well as an adjacent 24 acre, fully horizontally improved industrial development parcel.

Saugus Station is 100% leased to tenants operating primarily in the film, television, entertainment and content production industry, and is within the broader San Fernando Valley industrial market.

The San Fernando Valley achieved a 1.1% industrial vacancy rate in 3Q21 and experienced 5.2% annual rent growth over the past...

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