CIRE Acquires Van Nuys Industrial Campus in $116 Million Deal

CIRE Equity — a San Diego-based private equity firm — has completed a significant $116 million acquisition of two adjacent industrial buildings in Los Angeles’ Van Nuys neighborhood. This deal, which stands as one of the largest in the company’s history, involved assembling a 19-acre portfolio located at 16200 Roscoe Blvd. and 8201-8221 Woodley Ave.

The transaction underscores the high demand for premium industrial space in Los Angeles, specifically within the supply-constrained San Fernando Valley submarket. Records from PropertyShark indicate that CIRE paid $51.9 million for the Roscoe Boulevard site and approximately $64.1 million for the Woodley Avenue address. The seller was Link Logistics, the industrial arm of Blackstone, and the acquisition was supported by $136.5 million in financing provided by PGIM Real Estate.

The transaction was facilitated by CBRE’s Mike Longo, Eric Cox and Bennett Robinson, who represented Link Logistics. According to Cox, the deal reflects institutional interest in the San Fernando Valley due to its insulation from trends affecting more traditional buildings.

Known as the Roscoe Woodley Campus, the 307,883-square-foot property is situated in a prime North Los Angeles infill location directly off the I-405 and immediately north of the Van Nuys Airport. The campus includes a 7.4-acre yard with M2 zoning and features a main warehouse with 28-foot clear heights, 16 dock-high doors and six ground-level doors.

The site is currently 100% occupied by a diverse tenant base, including the Los Angeles Unified School District (which utilizes the Roscoe Boulevard address as a bus lot), alongside warehousing firm Biagi Bros. and production equipment provider PRG Van Nuys. The location is further distinguished by its proximity to the Anheuser-Busch brewery complex across Woodley Avenue.

CBRE’s Longo added that the 19-acre property represents a “main and main” location in one of the tightest industrial submarkets in the nation, thereby offering steady income and long-term site flexibility.

While the primary parties involved did not immediately respond to requests for comment, the deal follows other major local activity, such as Longpoint Realty Partners’ $85 million purchase of a nearby five-building campus in 2022. Additionally, earlier this year, a $113 million refinancing was secured for “The Mix,” a large, mixed-use property located less than two miles west in Northridge, Calif.