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Stock impact report

Clarion Expands DrinkPAK Relationship with $38.7 Million Acquisition [Los Angeles Times (CA)]

Cushman & Wakefield Ltd. Common Shares (CWK) 
Last cushman & wakefield ltd. common shares earnings: 2/27 04:09 pm Check Earnings Report
in Santa Clarita that is 100% leased by DrinkPAK for $38.7 million, or $224 per square foot. Clarion's existing northern Los Angeles County portfolio includes 11 fully stabilized buildings, totaling approximately 1.7 million square feet. The Pacific Golden Valley facility serves as storage for both raw materials and finished beverage products, with inventory transported regularly between the property and DrinkPAK's primary production facility at Needham Ranch, which is about five miles away. Built in 2025, the property features modern, high-quality specifications in a prime location. “This transaction represents an exciting opportunity to acquire a newly constructed, Class A core investment in one of Los Angeles County's most supply-constrained industrial corridors, while leveraging Clarion's deep local market expertise,” said Janis Mandarino , managing director and portfolio manager at Clarion Partners, in a statement. “The acquisition also strengthens our existing relationship w Show less Read more
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