Los Angeles Commercial Real Estate:
24 Acre Commercial Parcel For Sale
as Thomas Properties Group Becomes REIT
Here's some interesting news. A fully permitted, 24 acre, commercial site adjacent to Los Angeles International Airport is up for sale! the well-known Thomas Properties Group is in the process of becoming a REIT, and is therefore divesting itself of properties which are currently producing no income. This includes this very interesting development in that area right by the airport where new development is very hard to come by.
The site has already been permitted for mixed commercial, hotels, research and development, and many other uses. Funny that we get this Los Angeles commercial real estate news our of Reuters in New York.
Thomas Properties puts LA site on the block
NEW YORK (Reuters) - "Thomas Properties Group Inc (TPGI.O) has put a 24-acre development parcel of fully permitted land next to the Los Angeles International Airport up for sale, exiting the development business as it becomes a real estate investment trust."
http://www.reuters.com/article/2012/06/19/us-thomasproperties-sale-idUSBRE85I1H220120619
If this newly available site ... or any site available in Southern California ... looks interesting to you, please contact us here at Costa Land and Real Estate Services. Simply use the "Contact Me" page on this site. We're always ready to help with all your commercial real estate needs.
