LOS ANGELES — GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Pomona Business Center, an industrial building park in the East San Gabriel Valley submarket of Los Angeles. The acquisition adds over 104,000 square feet of industrial space to the firm’s industrial platform.
Pomona Business Center comprises three buildings and is located at an intersection of major transit routes in the area: I-10, Highway 57, and Highway 71. The building park is currently fully leased to three tenants.
GID plans to make several improvements to the buildings, including the addition of indoor and outdoor LED lighting, upgrades to the facades and office interiors, and fencing along the front of the property.