Areus II Completes Second Strategic Acquisition in LA

Areus II, a real estate investment fund managed by Arsenale SGR, has announced the successful acquisition of an industrial campus in Los Angeles. This marks the fund's second acquisition since its establishment. The campus, located on West Centinela Avenue, encompasses two renovated industrial buildings, and was acquired for $14.85 million—significantly below the previous owner's base cost and initial financing by 50% and 25% respectively. The strategic off-market acquisition was facilitated through collaboration with Montana Avenue Capital Partners (MACP). Constructed in 1957 and recently refurbished in 2022, the site offers flexible industrial and commercial use, featuring modern amenities such as high ceilings, natural lighting, and electric vehicle charging stations. Arsenale aims to attract tenants from diverse sectors in Southern California and beyond, supported by positive economic forecasts and a proactive marketing strategy. The acquisition aligns with Arsenale's investment strategy of identifying high-value assets in competitive markets, as they continue to explore further opportunities across strategic US locations.